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Fear of Covid-19 contagion : the idiosyncratic effects of an aggregate pandemic shock
Kikuchi, Junichi; Nagao, Ryoya; Nakazono, Yoshiyuki - 2021
We examine how the fear of COVID-19 contagion influences consumer expenditure patterns. We show that the consumption … expenditure responses to the spread of the COVID-19 pandemic are significantly heterogeneous across generations. We find that the … younger generation. These heterogeneous responses are likely to be due to the fear of the COVID-19 infection. …
Persistent link: https://www.econbiz.de/10012665540
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Spending effects of child-related fiscal transfers
Goldfayn-Frank, Olga; Lewis, Vivien; Wehrhöfer, Nils - 2022
As part of Germany’s fiscal response to the Covid-19 pandemic, parents received three payments totalling e450 per child. Randomization in the payment dates and daily scanner data allow us to identify the effects of these transfers on household spending. We find a significant but small spending...
Persistent link: https://www.econbiz.de/10013268076
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Heterogeneity in the marginal propensity to consume : evidence from Covid-19 stimulus payments
Karger, Ezra; Rajan, Aastha - 2020
We identify 16,016 recipients of Covid-19 Economic Impact Payments in anonymized transaction-level debit card data from Facteus. We use an event study framework to show that in the two weeks following a sudden $1,200 payment from the IRS, consumers immediately increased spending by an average of...
Persistent link: https://www.econbiz.de/10012225697
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The Covid-19 crisis and consumption : survey evidence from six EU countries
Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2020
Using new panel data from a representative survey of households in the six largest euro area economies, the paper estimates the impact of the Covid-19 crisis on consumption. The panel provides, each month, household-specific indicators of the concern about finances due to Covid-19 from the first...
Persistent link: https://www.econbiz.de/10012390462
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Household spending and fiscal support during theCOVID-19 pandemic : insights from a new consumer survey
Georgarakos, Dimitris; Kenny, Geoff - 2022
This paper introduces the Consumer Expectations Survey (CES), a new online, high frequency panel survey of euro area consumers' expectations and behaviour. The paper also investigates whether public perceptions about fiscal support measures introduced during the pandemic have influenced spending...
Persistent link: https://www.econbiz.de/10012818792
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The COVID-19 consumption game-changer : evidence from a large-scale multi-country survey
Hodbod, Alexander; Hommes, Cars H.; Huber, Stefanie J.; … - 2021 - Last updated: November 18, 2021
Prospective economic developments depend on the behavior of consumer spending. A key question is whether private expenditures recover once social distancing restrictions are lifted or whether the COVID-19 crisis had a sustained impact on consumer confidence, preferences, and hence, spending. The...
Persistent link: https://www.econbiz.de/10012670310
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Card spending dynamics in Turkey during the COVID-19 pandemic
Kantura, Zeynep; Özcan, Gülserim - In: Central Bank review / Central Bank of the Republic of Turkey 21 (2021) 3, pp. 71-86
and restrictions and fear of job/income loss mainly explain the overall impact of COVID-19 on aggregate demand. We also …
Persistent link: https://www.econbiz.de/10012650133
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The impact of COVID-19 regional cash subsidies on the sales of local businesses in South Korea
Kim, Meeroo; Oh, Yoon Hae - In: KDI-journal of economic policy 43 (2021) 2, pp. 103-123
This paper examines the impact of the regional cash subsidies which were granted in some districts in addition to the national universal stimulus payment in South Korea related to the COVID-19 pandemic. We evaluate the effects of the cash distribution per resident on aggregate credit and debit...
Persistent link: https://www.econbiz.de/10012591534
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The Impact of COVID-19 Regional Cash Subsidies on the Sales of Local Businesses in South Korea
Kim, Meeroo; Oh, Yoonhae - 2021
This paper examines the impact of the regional cash subsidies which were granted in some districts in addition to the national universal stimulus payment in South Korea related to the COVID-19 pandemic. We evaluate the effects of the cash distribution per resident on aggregate credit and debit...
Persistent link: https://www.econbiz.de/10013221123
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Fear of COVID-19 Contagion : The Idiosyncratic Effects of an Aggregate Pandemic Shock
Kikuchi, Junichi; Nagao, Ryoya; Nakazono, Yoshiyuki - 2021
Using a survey on consumer expenditure in Japan, this study examines how the fear of COVID-19 contagion influences … consumer expenditure patterns. We show that the consumption expenditure responses to the spread of the COVID-19 pandemic are … to be due to the fear of the COVID-19 infection. The finding suggests that heterogeneous perceptions regarding the fear …
Persistent link: https://www.econbiz.de/10013221192