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The effects of labor income risk heterogeneity on the marginal propensity to consume

Savoia, Ettore - 2023

Using detailed micro-data, this paper documents that households with lower income risk (and higher income levels) exhibit a higher Marginal Propensity to Consume (MPC) in response to transitory income shocks, all else being equal. This finding is particularly significant among unconstrained...

Persistent link: https://www.econbiz.de/10014482888

Consumption Uncertainty and Precautionary Saving

Christelis, Dimitris - 2016

Using survey data from a representative sample of Dutch households, we estimate the strength of the precautionary saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher for the young and the self-employed, and is correlated...

Persistent link: https://www.econbiz.de/10013000340

Consumption Uncertainty and Precautionary Saving

Christelis, Dimitris - 2017

Persistent link: https://www.econbiz.de/10012970398

Consumption Uncertainty and Precautionary Saving

Christelis, Dimitris - 2018

Persistent link: https://www.econbiz.de/10012936705

The transmission mechanism analysis of the impact of economic policy uncertainty on household consumption

Gu, Yanwei; Jiang, Guancheng; Liang, Xiao - In: International studies of economics 17 (2022) 3, pp. 371-393

Economic policy uncertainty is proven to have an important effect on household consumption. However, the literature on its transmission mechanism and on comparing the consumption response of urban and rural households, especially in China, is limited. In this paper, we propose two channels...

Persistent link: https://www.econbiz.de/10013454412

Consumption and Precautionary Saving : An Empirical Analysis Under Both Financial and Environmental Risks

Baiardi, Donatella - 2014

This paper studies the empirical relationship between consumption and saving under two different sources of uncertainty: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the period 1965-2007. The results support the...

Persistent link: https://www.econbiz.de/10013067496

Consumption and precautionary saving : an empirical analysis under both financial and environmental risks

Baiardi, Donatella; Manera, Matteo; Menegatti, Mario - 2011

Persistent link: https://www.econbiz.de/10009235901

Can Consumers Distinguish Persistent from Transitory Income Shocks?

Druedahl, Jeppe - 2018

We study whether households can distinguish persistent from transitory income shocks, and the implications for consumption-saving behavior. We construct a novel consumption-saving model where the household must infer the persistent component of its income process from actual income realizations...

Persistent link: https://www.econbiz.de/10012928282

Gambling with the family silver : household consumption and saving responses to fiscal uncertainty

Berg, Oddmund - 2019

In the early 2000s, eight Norwegian energy producing municipalities sold up to ten years of future electricity earnings and let two brokers from Terra Securities make investments on their behalf. In the wake of the 2007 credit crash the municipalities lost up to 80 percent of their assets. This...

Persistent link: https://www.econbiz.de/10012052305

Consumption and Voluntary Savings Response to Service Tax

Seal, Jayanta Kumar - 2020

In this paper, we estimate the effect of a tax policy change on households' consumption and retirement savings behavior …, by using a unique panel data of voluntary retirement savings (PPF) and debit card spending transactions. On average, we … find that households reduce their consumption by 14% and increase their PPF savings by 16% in response to an increase in …

Persistent link: https://www.econbiz.de/10012824255