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Is there heterogeneity in the response of consumption to income shocks?
Ludwig, Johannes - 2015
While recently more and more research has focused on the aggregate response of consumption to income shocks, little is known about how this response differs for households at different ends of the income distribution. This paper investigates how consumption reacts to transitory and permanent...
Persistent link: https://www.econbiz.de/10011404810
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Income Shocks or Insurance - What Determines Consumption Inequality?
Ludwig, Johannes - 2015
Contrary to the implications of economic theory, consumption inequality in the US did not react to the increases in … income inequality during the last three decades. This paper investigates if a change in the type of income inequality - from …. Together, these phenomena can explain the lack of an increase in consumption inequality. …
Persistent link: https://www.econbiz.de/10010520546
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Values, attitudes and economic behavior
Roos, Michael W. M. - 2018
and measurable heterogeneity among individuals and shows how values can predict differences in tastes and sensitivity to …
Persistent link: https://www.econbiz.de/10011933977
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Is gasoline price elasticity in the United States increasing? Evidence from the 2009 and 2017 national household travel surveys
Goetzke, Frank; Vance, Colin - 2018
prices, as well as quantile regression to account for heterogeneity according to driving intensity. A similar pattern of …
Persistent link: https://www.econbiz.de/10011904465
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An Experiment on Consumption Responses to Future Prices and Interest Rates
Luhan, Wolfgang J.; Roos, Michael W. M.; Scharler, Johann - 2011
We design an experiment to investigate the influence of announced future variations in interest rates and prices on consumption decisions. In an experimental implementation of the discounted utility model, the subjects learn the entire paths of inflation and interest rates prior to deciding on a...
Persistent link: https://www.econbiz.de/10010273585
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An Experiment on Consumption Responses to Future Prices and Interest Rates
Luhan, Wolfgang J.; Roos, Michael W.M.; Scharler, Johann - Rheinisch-Westfälisches Institut für … - 2011
We design an experiment to investigate the influence of announced future variations in interest rates and prices on consumption decisions. In an experimental implementation of the discounted utility model, the subjects learn the entire paths of inflation and interest rates prior to deciding on a...
Persistent link: https://www.econbiz.de/10009018045
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Fixed Amount Saving and the Permanent Income Hypothesis
Vosen, Simeon - 2012
According to the German SAVE survey, more than 40 percent of households regularly save fixed amounts rather than flexibly adjusting savings to income variations as assumed by the Permanent Income Hypothesis (PIH). Fixed amount saving behaviour could thus imply a challenge to PIH-based standard...
Persistent link: https://www.econbiz.de/10010289815
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Fixed Amount Saving and the Permanent Income Hypothesis
Vosen, Simeon - Rheinisch-Westfälisches Institut für … - 2012
According to the German SAVE survey, more than 40 percent of households regularly save fixed amounts rather than flexibly adjusting savings to income variations as assumed by the Permanent Income Hypothesis (PIH). Fixed amount saving behaviour could thus imply a challenge to PIH-based standard...
Persistent link: https://www.econbiz.de/10010576028
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Determinants of Savings and Remittances – Empirical Evidence from Immigrants to Germany
Sinning, Mathias - 2007
This paper investigates the determinants of migrants' financial transfers to their home country using German data.A double-hurdle model is applied to analyze the determinants of the propensity to send transfers abroad and the amount of transfers.The findings reveal that return intentions...
Persistent link: https://www.econbiz.de/10010264695
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Triggers and Determinants of Severe Household Indebtedness in Germany
Keese, Matthias - 2009
Overindebted private households have created economic and political concern. Using measures of relative (over-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates whether severe household indebtedness is driven by...
Persistent link: https://www.econbiz.de/10010265783