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Economic policy uncertainty is proven to have an important effect on household consumption. However, the literature on …, is limited. In this paper, we propose two channels through which economic policy uncertainty affects household … consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China …
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Evaluation studies on conditional cash transfers (CCT) in the Philippines found small if not insignificantly different … from zero effects on household consumption. We use propensity score matching to examine how recipients made use of the …
Persistent link: https://www.econbiz.de/10010479984
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and household welfare. We estimate Euler equations and measure the volatility of unpredictable changes in consumption as …, and document that despite the increase in household debt between 1983 and 2007, there was no decline in the proportion of …
Persistent link: https://www.econbiz.de/10013087209
This paper examines whether relative income and income inequality within reference groups affect household consumption …. Using the explanations of consumption behavior based on Dusenberry's relative income hypothesis, we test if household … consumption levels in Turkey are affected by the household's relative position and inequality in the reference group between 2005 …
Persistent link: https://www.econbiz.de/10012835453
Did the financial crisis spread from distressed banks to households through a contraction of the credit supply? We study this question with a dataset that contains observations on all accounts in Danish banks as well as comprehensive information about individual account holders and banks. We...
Persistent link: https://www.econbiz.de/10013010472
This paper investigates the importance of status in household consumption and financial decisions using household data … evidence that a household's income rank — its position in the income distribution relative to its close neighbors — is … household's portfolio. More aggregate county-level evidence based on a dataset of every new car sold in each county in the …
Persistent link: https://www.econbiz.de/10013046477