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Using the Kilts Nielsen Consumer Panel (KNCP), this paper documents new stylized facts on expenditure and income growth …. Next, I document that movers' income growth displays higher variance than non-movers', both before and after moving. Movers …' expenditure growth also exhibits higher variance than non-movers' before and after the move. These findings suggest that movers …
Persistent link: https://www.econbiz.de/10013321905
Households spent only a small fraction of their 2020 Economic Impact Payment (EIPs) within a couple of months of arrival, consistent with i) pandemic constraints on spending, ii) other pandemic programs and social insurance, and iii) the broader disbursement of the EIPs compared to the economic...
Persistent link: https://www.econbiz.de/10013435158
We show that prior lifetime experiences can "scar" consumers. Consumers who have lived through times of high unemployment exhibit persistent pessimism about their future financial situation and spend significantly less, controlling for the standard life-cycle consumption factors, even though...
Persistent link: https://www.econbiz.de/10012126124
The aim of this study is to link variation in energy cost misperceptions to variation in households' energy consumption. The focus is on two sorts of misperceptions: First, present biased discounting of future energy costs and second, biased energy price beliefs. By running an artefactual field...
Persistent link: https://www.econbiz.de/10012025609
This paper analyzes sin goods consumption when individuals exhibit present-focused preferences. It considers three types of present focus: present-bias with varying degrees of naiveté, Gul-Pesendorfer preferences, and a dual-self approach. We investigate the incentives to deviate from healthy...
Persistent link: https://www.econbiz.de/10012206092
Canada’s productivity performance reflects in large part our innovation record, both in terms of business sector R&D and information and communications technology (ICT) investment. The objective of this report is to examine the country’s ICT investment performance since 2000. The key finding...
Persistent link: https://www.econbiz.de/10011185572
growth rates between 1990 and 2010 for four regions in the United States. This paper finds that the American States are …
Persistent link: https://www.econbiz.de/10011113314
, demographic structures, labour force participation, and the unemployment rate ?in the growth of living standards in Canada and in … pursued in terms of the five determinants of living standards growth for Canada to exceed US living standards by 2016. The key … conclusions of the paper are twofold. First, a focus on improving Canada’s productivity growth performance, and in particular …
Persistent link: https://www.econbiz.de/10005518932
The Canadian service sector has performed well in recent years in terms of labour and multifactor productivity growth … sector. Service sector labour productivity growth has also shown a marked acceleration in both Canada and the United States … Canadian success story. The sources of the acceleration in service sector labour productivity growth were different in the two …
Persistent link: https://www.econbiz.de/10005518937
The slower productivity growth in Canada relative to that experienced in the United States in the second half of the … development. A key issue is whether this slower productivity growth is broadly-based, which would imply a societal … productivity growth in Canada and the United States in the 1990s. They find that the productivity growth gap in the 1990s at both …
Persistent link: https://www.econbiz.de/10005518950