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Asymmetric income and wealth effects in a non-linear error correction model of US consumer spending

Treeck, Till van - 2008

Verschiedene Abweichungen von der Permanenten Einkommenshypothese mit rationalen Erwartungen sind in der Literatur … Konsumverhaltens behandelt. In der vorliegenden Arbeit wird anhand eines einheitlichen Datensatzes für die USA zu privaten … Jahrzehnten im Trend fallenden privaten Sparquote in den USA interpretiert werden: Zwar können Vermögensrückgänge kurzfristig …

Persistent link: https://www.econbiz.de/10003744543

Aggregation under structural stability : the change in consumption of a heterogeneous population

Hildenbrand, Werner; Kneip, Alois - 2002

Persistent link: https://www.econbiz.de/10001667013

Aggregation under structural stability : the change in consumption of a heterogeneous population

Hildenbrand, Werner; Kneip, Alois - 2002

It is shown how one can effectively use cross-section data in modelling the change over time in aggregate consumption expenditure of a heterogeneous population. The starting point of our aggregation analysis is a dynamic behavioral relation on the household level. Based on certain hypotheses on...

Persistent link: https://www.econbiz.de/10011539806

Child expenditure : the role of working mothers, lone parents, sibling composition and household provision

Farrell, Lisa; Shields, Michael - 2001

This paper uses detailed diary information from the British Family Expenditure Survey (FES) to investigate the expenditure patterns of school-age children. We estimate a Quadratic Almost Ideal Demand System, and find that, whilst most commodities are normal goods, sweets and toys are luxury...

Persistent link: https://www.econbiz.de/10001642971

Child expenditure : the role of working mothers, lone parents, sibling composition and household provision

Farrell, Lisa; Shields, Michael - 2001

Persistent link: https://www.econbiz.de/10011404134

Riches to Rags Every Month? The Fall in Consumption Expenditures between Paydays

Huffman, David; Barenstein, Matias - 2021

This paper finds declining consumption expenditure between paydays, for a typical household in the working population of the UK. The magnitude is inconsistent with exponential time preference, but compatible with quasi-hyperbolic discounting. However, the hyperbolic model predicts that credit...

Persistent link: https://www.econbiz.de/10013318839

Child Expenditure : The Role of Working Mothers, Lone Parents, Sibling Composition and Household Provision

Farrell, Lisa; Shields, Michael - 2021

This paper uses detailed diary information from the British Family Expenditure Survey (FES)to investigate the expenditure patterns of school-age children. We estimate a Quadratic Almost Ideal Demand System, and find that, whilst most commodities are normal goods, sweets and toys are luxury items...

Persistent link: https://www.econbiz.de/10013320739

The effect of the financial crisis on older households in England

Banks, James; Crawford, Rowena; Crossley, Thomas F.; … - 2012

Prices of real and financial assets fell substantially in the UK during 2008-09. The fourth wave of the English Longitudinal Study of Ageing (ELSA) was in the field throughout this 'financial crisis'. We use these data and earlier ELSA waves first to document the effect of the crisis on the...

Persistent link: https://www.econbiz.de/10009526546

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

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