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Measuring consumer expenditures with payment diaries
Schuh, Scott - 2017
; 2)DCPC consumption estimates are 17 percent higher than personal consumption expendituresestimates in comparable …
Persistent link: https://www.econbiz.de/10011754830
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Credit card utilization and consumption over the life cycle and business cycle
Fulford, Scott L.; Schuh, Scott - 2017
estimate a structural model of life-cycle consumption and credit use in which credit cards can be used for payments …
Persistent link: https://www.econbiz.de/10012059588
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Insuring consumption using income-linked assets
Fuster, Andreas; Willen, Paul S. - 2010
consumption across states of nature, one must also consider the assets´; effects on households´; ability to smooth consumption … returns correlate negatively with income shocks) even though the assets offer identical opportunities to smooth consumption … be substantial (above 1 percent of certainty-equivalent consumption), the assets we consider can only mitigate a …
Persistent link: https://www.econbiz.de/10010280869
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A concise test of rational consumer search
Lee, Chloe; Luengo-Prado, Maria José; Sørensen, Bent E. - 2018
A simple model of time allocation between work and price-search predicts that consumers spend relatively more time searching for better prices for goods of which they consume relatively more. Using scanner data, we confirm empirically that consumers pay lower (higher) prices for goods that they...
Persistent link: https://www.econbiz.de/10012059595
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Consumption, credit, and the missing young
Cooper, Daniel; Gorbachev, Olga; Luengo-Prado, Maria José - 2019
adults missing from credit bureau data act as a drag on state-level consumption growth. This finding seems to be driven by …
Persistent link: https://www.econbiz.de/10012388946
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Consumption, sentiment, and economic news
Starr, Martha - 2008
This paper investigates the influence of economic news on consumer sentiment, and examines whether ‘news shocks’ –- changes in coverage that would not be expected from incoming data on economic fundamentals -– have aggregate effects. Using monthly U.S. data and a structural...
Persistent link: https://www.econbiz.de/10005673434
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How important is variability in consumer credit limits?
Fulford, Scott L. - 2014
Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the … volatility and varies over the business cycle. While typical models of intertemporal consumption fix the credit limit, I …
Persistent link: https://www.econbiz.de/10010478883
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Consumer revolving credit and debt over the life cycle and business cycle
Fulford, Scott L.; Schuh, Scott - 2015
Little work has examined how unsecured consumer credit, such as the limit on credit cards, varies over the life cycle, and how consumers respond to changes in their ability to borrow over the short and long term. Using a large panel of credit accounts in the United States, we document that large...
Persistent link: https://www.econbiz.de/10011754796
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The credit card debt puzzle: The role of preferences, credit risk, and financial literacy
Gorbachev, Olga; Luengo-Prado, María José - 2016
We use the 1979 National Longitudinal Survey of Youth to revisit what is termed the credit card debt puzzle: why consumers simultaneously co-hold high-interest credit card debt and lowinterest assets that could be used to pay down this debt. This dataset contains unique information on...
Persistent link: https://www.econbiz.de/10011754803
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How does liquidity affect consumer payment choice?
Stavins, Joanna - 2019
We measure consumers' readiness to face emergency expenses. Based on data from a representative survey of US consumers, we find that financial readiness varies widely across consumers, with lowest-income, least-educated, unemployed, and black consumers most likely to have $0 saved for emergency...
Persistent link: https://www.econbiz.de/10012388943