Similar Search Results

Preferences over wealth : experimental evidence

Gechert, Sebastian; Siebert, Jan - 2019

Preferences over wealth can explain why households do not spend more when real interest rates fall, because they save more than optimal under a standard model. However, little is known about preferences over wealth empirically. We run an intentionally simple lab experiment on intertemporal...

Persistent link: https://www.econbiz.de/10012098818

What would you do with $500? Spending responses to gains, losses, news, and loans

Fuster, Andreas; Kaplan, Greg; Zafar, Basit - 2018

distinguishing between consumption theories. Asking households about their intended spending under various scenarios, we find that 1 …

Persistent link: https://www.econbiz.de/10011942788

The housing wealth effect: Quasi-experimental evidence

Kessel, Dany; Tyrefors Hinnerich, Björn; Vestman, Roine - 2018

We exploit a quasi-experiment that occurred in Stockholm in 2007 to provide new evidence on the magnitude of the housing wealth e.ect. Stockholm's smaller city airport was expected to close in 2011 but its operating contract was unexpectedly renewed after political negotiation behind closed...

Persistent link: https://www.econbiz.de/10012182823

The Covid-19 crisis and consumption: Survey evidence from six EU countries

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2020

estimates the impact of the Covid-19 crisis on consumption. The panel provides, each month, household-specific indicators of the … concern causes a significant reduction in nondurable consumption. The paper also explores the potential impact on consumption … of government interventions and of another wave of Covid-19, using household-level consumption adjustments to scenarios …

Persistent link: https://www.econbiz.de/10012422169

The housing wealth effect: Quasi-experimental evidence

Kessel, Dany; Tyrefors, Björn; Vestman, Roine - 2019

We exploit a quasi-experiment to provide new evidence on the magnitude of the housing wealth effect. We estimate an immediate shock of approximately -15% to house prices close to one of Stockholm's airports after its operations were unexpectedly continued as a result of political bargaining....

Persistent link: https://www.econbiz.de/10012145487