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How strong are peer effects on the beliefs and spending decisions of individuals? We use a randomized control study in which treated households are told about either average income or debt of individuals like them to assess how peer effects influence their beliefs and spending. The information...
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, consumption growth and wealth, and labor participation and wages. Each area involves treatment of heterogeneity and nonlinearity …
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We investigate how, in temporary economic hardship, agents change their consumption of health services, and how this … a consumption good with very low intertemporal substitution. The expenditures for GPs are unaltered. The findings … indicate that consumption of health services critically depends on the existence of user charges versus universal coverage. The …
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