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Latent heterogeneity in the marginal propensity to consume
Lewis, Daniel J.; Melcangi, Davide; Pilossoph, Laura - 2024
We estimate the unconditional distribution of the marginal propensity to consume (MPC) using clustering regression …
Persistent link: https://www.econbiz.de/10014581768
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Latent heterogeneity in the marginal propensity to consume
Lewis, Daniel J.; Melcangi, Davide; Pilossoph, Laura - 2024
We estimate the unconditional distribution of the marginal propensity to consume (MPC) using clustering regression …
Persistent link: https://www.econbiz.de/10014536216
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Access to Home Equity and Consumption : Evidence from a Policy Experiment
Agarwal, Sumit - 2015
Using unique consumer financial transactions of more than 56,000 consumers, we study the consumption response to a …-in-differences analysis, we find a significant negative consumption response to the policy shock. Moreover, the consumption response is …-insurance mechanism for consumption smoothing …
Persistent link: https://www.econbiz.de/10013035473
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Inequality over the business cycle: Estimating income risk using micro-data on consumption
Primiceri, Giorgio; Rens, Thijs van - Department of Economics and Business, Universitat … - 2002
We use CEX repeated cross-section data on consumption and income, to evaluate the nature of increased income inequality … for cyclical behavior of consumption risk, casting doubt on Constantinides and Duffie’s (1995) explanation for the equity …
Persistent link: https://www.econbiz.de/10005772245
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The housing wealth effect : quasi-experimental evidence
Kessel, Dany; Tyrefors, Björn; Vestman, Roine - 2018
We exploit a quasi-experiment that occurred in Stockholm in 2007 to provide new evidence on the magnitude of the housing wealth e.ect. Stockholm's smaller city airport was expected to close in 2011 but its operating contract was unexpectedly renewed after political negotiation behind closed...
Persistent link: https://www.econbiz.de/10011948340
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The housing wealth effect: Quasi-experimental evidence
Kessel, Dany; Tyrefors, Björn; Vestman, Roine - 2019
We exploit a quasi-experiment to provide new evidence on the magnitude of the housing wealth effect. We estimate an immediate shock of approximately -15% to house prices close to one of Stockholm's airports after its operations were unexpectedly continued as a result of political bargaining....
Persistent link: https://www.econbiz.de/10012145487
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The housing wealth effect : quasi-experimental evidence
Kessel, Dany; Tyrefors, Björn; Vestman, Roine - 2019
We exploit a quasi-experiment to provide new evidence on the magnitude of the housing wealth effect. We estimate an immediate shock of approximately -15% to house prices close to one of Stockholm's airports after its operations were unexpectedly continued as a result of political bargaining....
Persistent link: https://www.econbiz.de/10011967367
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The intertemporal marginal propensity to consume out of future persistent cash-flows: Evidence from transaction data
Druedahl, Jeppe; Jensen, Emil Bjerre; Leth-Petersen, Søren - 2022
to account for anticipation effects on consumption. We investigate this using high-frequency spending and balance sheet … with a standard buffer-stock consumption model, and implies that it is less effective to target stimulus to low liquidity …
Persistent link: https://www.econbiz.de/10014278256
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Cognitive constraints and economic incentives
D'Acunto, Francesco; Hoang, Daniel; Paloviita, Maritta; … - 2023
targeting household consumption and debt and might lead to regressive redistribution from low- to high …
Persistent link: https://www.econbiz.de/10014285743
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The consumption and wealth effects of an unanticipated change in lifetime resources
Jappelli, Tullio; Padula, Mario - 2015
lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with …
Persistent link: https://www.econbiz.de/10011282352