Showing 1 - 10 of 2,970
consumption in the wake of an adverse income shock. We also find a positive but short-lived effect on labor supply … with similar tenants. Granular data on demographics, income, housing and financial wealth, and debt allow us to construct …
Persistent link: https://www.econbiz.de/10012969184
alternative approach is to use the accounting identity that total household spending is equal to income plus capital gains minus … on income and wealth to other administrative data with information on financial and real estate transactions. Using this … second is a study of the transmission of income shocks to household consumption. …
Persistent link: https://www.econbiz.de/10012172449
are significantly higher immediately following an income shock and diminish over time, with cumulative MPCs over a year …This paper studies how and why households adjust their spending, saving, and borrowing in response to transitory income …
Persistent link: https://www.econbiz.de/10014512045
We use survey evidence on reported spending in hypothetical energy price shock scenarios to study novel features of the … energy prices increase compared to price decreases. MPCs are also larger for households with low income and/or saving buffer … subsidies on energy for Belgian low-income households are much more effective in supporting non-energy consumption than the …
Persistent link: https://www.econbiz.de/10013473647
marginal propensity to consume is signicantly larger for positive than for negative income shocks. Moreover, we discover that … decline in savings. This result contradicts a prediction from the life-cycle permanent income model with borrowing constraints …'s prospect theory, according to which the combination of income uncertainty and loss aversion can lead households to react more …
Persistent link: https://www.econbiz.de/10014485520
This paper empirically investigates the effects of changes in the interest rate as well as transitory income … significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …
Persistent link: https://www.econbiz.de/10013138012
The paper analyzes the impact of positive and negative income shocks on household consumption as part of checking the … to positive and negative changes in income is estimated with the inclusion of the existence of liquidity constraints. The …-fulfillment of the permanent income hypothesis.The article was written on the basis of the RANEPA state assignment research programme …
Persistent link: https://www.econbiz.de/10014351525
The interaction between family size and children quality has been a recurring topic in the economics of family. However … additional sibling due to family interactions. On the other hand, I estimate the effect of family size in Colombia on school lag …
Persistent link: https://www.econbiz.de/10013085399
This paper tests one specific monetary transmission mechanism through households: portfolio rebalancing. We use a unique panel dataset of household's credit and debit card spending, ATM withdrawals, financial investments into risky assets such as mutual funds and equities, as well as bank...
Persistent link: https://www.econbiz.de/10012835832
income, it is the amount won, age and liquid assets that vary systematically with MPCs. Low-liquidity winners of the smallest …
Persistent link: https://www.econbiz.de/10011872933