mechanism behind our results we then simulate an overlapping generations model of household consumption: the marginal propensity …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 …

estimate a structural model of life-cycle consumption and credit use in which credit cards can be used for payments …

During the Great Recession, the collapse of consumption across the U.S. varied greatly but systematically with house …-price declines. We find that financial distress among U.S. households amplified the sensitivity of consumption to house-price shocks …. We uncover two essential facts: (1) the decline in house prices led to an increase in household financial distress prior …

The goal of this paper is to show that household-level financial distress (FD) varies greatly, meaning there is unequal … uneven distribution of FD creates widely varying consumption responses to shocks. This is true even when subjecting regions …