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The Impact of Homeowners' Housing Wealth Misestimation on Consumption and Saving Decisions
Agarwal, Sumit - 2006
Using a unique dataset of 81,943 house value estimates by the homeowners and their financial institution, I find that homeowners overestimate their house value by 3.1%. After controlling for homeowners' socioeconomic characteristics, I find that ex-ante homeowners who rate (cash-out) refinance...
Persistent link: https://www.econbiz.de/10014056892
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The Impact of Homeowners' Housing Wealth Misestimation on Consumption and Saving Decisions
Agarwal, Sumit - 2006
A number of studies point out that homeowners on average misestimate their house values. Using a unique dataset of 81,943 house value estimates both by the homeowners and the bank, I find that homeowners overestimate their house value by 3.1%. After controlling for homeowners' socioeconomic...
Persistent link: https://www.econbiz.de/10014057820
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Consumption and Portfolio Rebalancing Response of Households to Monetary Policy : Evidence of the HANK Channel
Agarwal, Sumit - 2020
unique panel dataset of household's credit and debit card spending, ATM withdrawals, financial investments into risky assets …. These results highlight how the heterogeneity in contract design and household wealth affects the monetary policy pass-through …
Persistent link: https://www.econbiz.de/10012835832
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Impact of Transboundary Haze Pollution on Household Utilities Consumption
Agarwal, Sumit - 2019
This paper examines the causal effects of air pollution on the household consumption of water and electricity in … intra-day and inter-day analyses on hourly household water consumption are consistent with the risk avoidance and the risk … effects of haze-induced utilities consumption are correlated with the duration of air pollution. While household utilities …
Persistent link: https://www.econbiz.de/10012902087
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Consumption Responses to Temporary Tax Incentives : Evidence from State Sales Holidays
Agarwal, Sumit - 2013
with children and limited to children's apparel. Robustness checks suggest that these findings are not driven by unobserved …
Persistent link: https://www.econbiz.de/10013089609
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In the Mood to Consume : Effect of Sunshine on Credit Card Spending
Agarwal, Sumit - 2020
examines the causal effect of sunshine-induced mood on contemporaneous household credit card spending. We document a 0 …
Persistent link: https://www.econbiz.de/10012853945
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Thy Neighbor’s Misfortune : Peer Effect on Consumption
Agarwal, Sumit - 2020
Using a large, representative sample of credit and debit card transactions in Singapore, this paper studies the consumption response of individuals whose same-building neighbors experienced personal bankruptcy. The unique bankruptcy rules in Singapore suggest liquidity shocks drive personal...
Persistent link: https://www.econbiz.de/10012855514
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Consumption Response to Temporary Price Shock : Evidence from Singapore's Annual Sale Event
Agarwal, Sumit - 2017
Exploiting a novel panel dataset of consumer financial transactions in Singapore, we examine the consumption response to an anticipated, transitory price shock generated by the nation-wide annual sale event. Consistent with theory, we find inter-temporal substitution where consumers spend less...
Persistent link: https://www.econbiz.de/10012947982
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Salient Peers and Consumption : Evidence from the Warranty Claims of Neighbors
Agarwal, Sumit - 2019
We provide novel evidence that peer induced saliency bias acts as a mechanism to explain consumption peer effects. This bias occurs when consumers overweight the influence of a single, salient peer when assessing brand quality, and underweight more objective, aggregate quality data. We exploit...
Persistent link: https://www.econbiz.de/10012862696
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The Response of Online Consumer Spending to Air Pollution : Evidence from a Quasi-experiment in China
Agarwal, Sumit; Wang, Long; Yang, Zoe - 2022
air pollution in affecting household consumption by exploiting plausibly exogenous variations in air quality caused by …
Persistent link: https://www.econbiz.de/10014030382