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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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Household spending out of a tax rebate : Italian "€80 tax bonus"
Neri, Andrea; Rondinelli, Concetta; Scoccianti, Filippo - 2017
We estimate the consumption response of Italian households to the "Euro80 tax bonus" intro-duced in 2014, using the panel component on the Survey of Household Income and Wealth. We find that households that received the tax rebate increased their monthly consumption of food and means of...
Persistent link: https://www.econbiz.de/10011719931
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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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SHE Can’t Afford It and HE Doesn’t Want It : the Gender Gap in the COVID-19 Consumption Response
Huber, Stefanie - 2022
This paper explores whether and why the pandemic differentially altered women's and men’s consumption behavior. After the 2020 wave of lockdown restrictions were lifted, women reduced consumption more than men. Data on self-reported reasons for consuming less reveals that gender differences in...
Persistent link: https://www.econbiz.de/10013292252
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Financial Concerns and the Marginal Propensity to Consume in COVID Times : Evidence from UK Survey Data
Albuquerque, Bruno; Green, Georgina - 2021
We study how household concerns about their future financial situation may affect the marginal propensity to consume (MPC) during the COVID-19 pandemic. We use a representative survey of UK households to compute the MPC from a hypothetical transfer of £500. Our main finding points to a key role...
Persistent link: https://www.econbiz.de/10013212658
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SHE can't afford it and HE doesn't want it : the gender gap in the COVID-19 consumption response
Huber, Stefanie J. - 2022
This paper explores whether and why the pandemic differentially altered women and men's consumption behavior. After the 2020 wave of lockdown restrictions were lifted, women reduced consumption more than men. Data on self-reported reasons for consuming less reveals that gender differences in...
Persistent link: https://www.econbiz.de/10013175577
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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
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 has a sustained impact on consumer confidence, preferences, and, hence, spending....
Persistent link: https://www.econbiz.de/10012643267
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The COVID-19 Shock and Consumer Credit : Evidence from Credit Card Data
Horvath, Akos - 2020
We use monthly credit card data from the Federal Reserve's Y-14M reports to study the early impact of the COVID-19 shock on the use and availability of consumer credit. First, we find that in counties severely affected by the pandemic, creditworthy borrowers reduce their credit card balances and...
Persistent link: https://www.econbiz.de/10012832690