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Household Consumption Through Recent Recessions
Crossley, Thomas F.; Low, Hamish; O'Dea, Cormac - 2011
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK. The 'Great Recession' has been different from those that occurred in the 1980s and 1990s. It has been both deeper and longer, but also the composition of the cutbacks in...
Persistent link: https://www.econbiz.de/10010500198
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Recent trends in consumption in Japan and the other Group of Seven (G7) countries
Horioka, Charles Yuji - 2012
In this paper, we present data on recent trends in private consumption and in possible determinants of private consumption (such as GDP, household incomes, household saving rates, household wealth, and employment conditions) in the Group of Seven (G7) countries and find that there has been...
Persistent link: https://www.econbiz.de/10010332369
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Saving after retirement and preferences for residual wealth
Fella, Giulio; Holm, Martin Blomhoff; Pugh, Thomas - 2024
We use administrative data for Norway to estimate an incomplete-market life-cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the parameters of the bequest utility to differ between households with and without...
Persistent link: https://www.econbiz.de/10014581860
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Savings and prize-linked savings accounts
Atalay, Kadir; Bakhtiar, Fayzan; Cheung, Stephen L.; … - 2012
Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially …-Linked Savings (PLS) accounts, that combine principal-security with lottery-type jackpots, can increase savings among these at …-risk households. Results from an online experiment show that the introduction of PLS accounts increase total savings and reduce …
Persistent link: https://www.econbiz.de/10010289923
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Sequential optimization, front-loaded information, and U.S. consumption
Willman, Alpo - 2007
In an overlapping generations maximization framework with consumers, whose information on uncertain future income realizations is front loaded, a closed form aggregate consumption function with CRRA preferences is derived. To have a closed form solution we assume that consumers solve their...
Persistent link: https://www.econbiz.de/10011604811
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How large are housing and financial wealth effects? A new approach
Carroll, Christopher D.; Otsuka, Misuzu; Slacalek, Jiri - 2010
, because neither theory nor evidence supports faith in the existence of a stable cointegrating vector. …
Persistent link: https://www.econbiz.de/10011605329
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Productive Government Expenditure in Monetary Business Cycle Models
Linnemann, Ludger; Schabert, Andreas - 2005
This paper assesses the transmission of fiscal policy shocks in a New Keynesian framework where government expenditures contribute to aggregate production. It is shown that even if the impact of government expenditures on production is small, this assumption helps to reconcile the models'...
Persistent link: https://www.econbiz.de/10010325148
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Wealth effects in emerging market economies
Peltonen, Tuomas A.; Sousa, Ricardo M.; Vansteenkiste, … - 2009
We build a panel of 14 emerging economies to estimate the magnitude of housing, stock market, and money wealth effects on consumption. Using modern panel data econometric techniques and quarterly data for the period 1990:1-2008:2, we show that: (i) wealth effects are statistically significant...
Persistent link: https://www.econbiz.de/10011605046
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Heterogeneous household responses to energy price shocks
Peersman, Gert; Wauters, Joris - 2022
We use survey evidence on reported spending in hypothetical energy price shock scenarios to study novel features of the price elasticity of energy demand and the marginal propensity to consume (MPC) after paying the energy bill. We document several nonlinearities depending on the sign and...
Persistent link: https://www.econbiz.de/10014305315
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Konsummuster und Konsumarmut von SGB-II-Leistungsempfängern: Eine Untersuchung auf Basis der Einkommens- und Verbrauchsstichprobe
Christoph, Bernhard; Pauser, Johannes; Wiemers, Jürgen - 2014
Trotz der hohen konzeptionellen Bedeutung, welche die Analyse von Konsumausgaben bei der Festlegung der SGB-II-Regelsätze hat, liegen bisher kaum Forschungsergebnisse über den Konsum der Leistungsempfänger selbst vor. Ausgehend von dieser Forschungslücke analysieren wir im vorliegenden...
Persistent link: https://www.econbiz.de/10010420670