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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/10013322548
MPCs were directly elicited from a representative sample of UK adults in July 2020. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These low MPCs may be a consequence of the prevailing economic uncertainty....
Persistent link: https://www.econbiz.de/10012304942
MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These...
Persistent link: https://www.econbiz.de/10012427912
MPCs were directly elicited from a representative sample of UK adults in July 2020. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These low MPCs may be a consequence of the prevailing economic uncertainty....
Persistent link: https://www.econbiz.de/10012320156
Monitoring Consumption Switzerland is a public-private partnership between the University of St. Gallen and the payment companies Worldline and SIX that processes and publishes payment data on transactions in Switzerland processed by Wordline/SIX in real time. This paper provides background...
Persistent link: https://www.econbiz.de/10014506549
The 2020 Covid-19 pandemic led to a large number of studies in household finance, using new high-frequency data in close to real time. This paper surveys household behavior during the pandemic, with a focus on consumption, government policies, credit and investment. The pandemic induced a rapid...
Persistent link: https://www.econbiz.de/10014236482
This paper examines how households adjusted their consumption behavior in response to COVID-19 infection risk during the early phase of the pandemic. We use a monthly consumption survey specifically designed by the German Statistical Office covering the second wave of COVID-19 infections from...
Persistent link: https://www.econbiz.de/10014252555
Consumer Expenditure Survey (CE) and other data. This is the first work to study the impact of the COVID-19 pandemic on …
Persistent link: https://www.econbiz.de/10013294829
recovery in household expenditure during the third quarter of 2020, after the large decline observed in the first semester, can … estimate the potential change in expenditure associated with the change of hours worked for different population groups (age …, gender, and education level). Those estimations also inform about the groups of the population whose expenditure has been …
Persistent link: https://www.econbiz.de/10013296440
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...
Persistent link: https://www.econbiz.de/10013300858