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This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …
Persistent link: https://www.econbiz.de/10009315614
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …
Persistent link: https://www.econbiz.de/10009377290
Much empirical research in economics is based on data from household surveys. Panel surveys are particularly valuable … may alter subsequent behavior. We provide novel evidence of survey effects on a central life-cycle choice: household …
Persistent link: https://www.econbiz.de/10010260072
Much empirical research in economics is based on data from household surveys. Panel surveys are particularly valuable … may alter subsequent behavior. We provide novel evidence of survey effects on household financial behavior in a developed … increasing in the education level of the household. One interpretation is that the survey acted as a salience shock. …
Persistent link: https://www.econbiz.de/10010483822
Persistent link: https://www.econbiz.de/10011802885
Persistent link: https://www.econbiz.de/10009580061
effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a …
Persistent link: https://www.econbiz.de/10009526546
Persistent link: https://www.econbiz.de/10011849760
MPCs were directly elicited from a representative sample of UK adults in July 2020. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These low MPCs may be a consequence of the prevailing economic uncertainty....
Persistent link: https://www.econbiz.de/10012320156