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As households reduce discretionary spending in response to the COVID-19 pandemic, concerns are high that a resulting fall in aggregate demand can lead to a lasting recession post-COVID-19. Consequently, policies aimed at stimulating consumer spending are of key interest to governments working to...
Persistent link: https://www.econbiz.de/10012264675
We analyze the impact of a temporary shock to food supply on households’ dietary choices. We use hurricane-induced closures of grocery stores, focusing on temporary closures. Results show that store closures influence households’ purchasing patterns even after the grocery store has reopened....
Persistent link: https://www.econbiz.de/10014030371
Sales tax holidays (STHs) are the temporary suspension of state (and some local) sales taxes on selected retail items for a brief period of time. The policy has gained popularity in recent years, beginning in one state in 1997and growing to twenty by 2008. Despite the increased frequency with...
Persistent link: https://www.econbiz.de/10013139203
This paper combines several administrative data and a survey experiment to evaluate the role of lifestyle changes in influencing inflation expectations. Using data from Nielsen's Homescan Panel, as well as a leading bank in Singapore, we first document that households are upgrading across...
Persistent link: https://www.econbiz.de/10012838979
Many macro-economists argue that productivity is low in developing countries because of frictions that impede the adoption of modern technologies. I argue that in the retail trade sector, which employs just under twenty percent of the workforce on average, developing countries rationally choose...
Persistent link: https://www.econbiz.de/10014161089
This paper investigates market concentration in the US retail sector. We use store and household-level consumption micro-data from 2004-2019 to document four facts linked by a decomposition: 1) rising national concentration, 2) negligible change in regional concentration, 3) rising household...
Persistent link: https://www.econbiz.de/10013311368
We use Canadian home scanner data to study household food inflation rates during periods of low and high inflation. We find that during the post-pandemic surge in inflation, the actual inflation rates experienced by different households varied more widely. Low-income households faced higher...
Persistent link: https://www.econbiz.de/10015067172
This paper investigates the efficiency properties of tax competition between submetropolitan jurisdictions when capital, residents and workers are mobile, and both households and firms compete for local land markets. We analyze two decentralized equilibria: (1) with a local tax on residents and...
Persistent link: https://www.econbiz.de/10012986048
This paper studies the equilibrium effects of local fiscal autonomy accounting for benefits from self-determination. It proposes a quantifiable structural equilibrium framework in which imperfectly mobile heterogeneous households sort themselves across jurisdictions under endogenous public good...
Persistent link: https://www.econbiz.de/10012694121
Property taxes are assessed by local taxing jurisdictions, including the county, city, and school district in which a property is located. This study examines the incidence of the residential property tax burden across 357,264 owner-occupied homes in Dallas County, Texas. Progressivity indices...
Persistent link: https://www.econbiz.de/10014221629