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What Determines Individual Trade Policy Preferences?

Scheve, Kenneth F. - 1998

This paper provides new evidence on the determinants of individual trade policy preferences using an individual-level data set identifying both stated trade policy preferences and potential trade exposure through several channels for the United States in 1992. There are two main empirical...

Persistent link: https://www.econbiz.de/10012472276

The Cross-Section of Household Preferences

Calvet, Laurent E.; Campbell, John Y.; Gomes, Francisco J. - National Bureau of Economic Research - 2021

This paper estimates the cross-sectional distribution of Epstein-Zin preference parameters in a large administrative panel of Swedish households. We consider life-cycle model of saving and portfolio choice that incorporates risky labor income, safe and risky financial assets inside and outside...

Persistent link: https://www.econbiz.de/10012533337

Momentum traders in the housing market : survey evidence and a search model

Piazzesi, Monika - 2009

This paper studies household beliefs during the recent US housing boom. The first part presents evidence from the Michigan Survey of Consumers. To characterize the heterogeneity in households' views about housing and the economy, we perform a cluster analysis on survey responses at different...

Persistent link: https://www.econbiz.de/10012463978

Household Electricity Demand, Revisited

Reiss, Peter C. - 2001

consumers respond to price changes. Several interrelated problems complicate demand analyses of these markets, including … household electricity demand that addresses these difficulties. We estimate the model using data for a representative sample of … California households, and summarize how electricity demand elasticities vary in that state. We then use the model to analyze the …

Persistent link: https://www.econbiz.de/10012470028

Crowding Out in Ricardian Economies

Abel, Andrew B. - 2015

The crowding-out coefficient is the ratio of the reduction in privately-issued bonds to the increase in government bonds that are issued to finance a tax cut. If (1) Ricardian equivalence holds, and (2) households do not simultaneously borrow risklessly and have positive gross positions in other...

Persistent link: https://www.econbiz.de/10012457119

Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand

Green, Daniel - 2016

We evaluate the Car Allowance Rebate System (CARS) by comparing the vehicle purchases and disposals of households with eligible "clunkers" to those of households with similar, but ineligible, vehicles. We find that CARS caused roughly 500,000 purchases during the program period and that the...

Persistent link: https://www.econbiz.de/10012455802

Insuring Consumption Using Income-Linked Assets

Fuster, Andreas - 2010

Shiller (2003) and others have argued for the creation of financial instruments that allow individuals to insure risks associated with their lifetime labor income. In this paper, we argue that while the purpose of such assets is to smooth consumption across states of nature, one must also...

Persistent link: https://www.econbiz.de/10012462822

Families as Roommates : Changes in U.S. Household Size from 1850 to 2000

Salcedo, Alejandrina - 2009

Living arrangements have changed enormously over the last two centuries. While the average American today lives in a household of only three people, in 1850 household size was twice that figure. Further, both the number of children and the number of adults in a household have fallen...

Persistent link: https://www.econbiz.de/10012463172

Household Response to the 2008 Tax Rebate : Survey Evidence and Aggregate Implications

Sahm, Claudia R. - 2009

Only about one-fifth of respondents in the Reuters/University of Michigan survey report that the 2008 tax rebates led them to mostly increase spending, while over half said it would lead them to mostly pay off debt. Of those in the mostly-spend category, the response was swift, with over 80...

Persistent link: https://www.econbiz.de/10012463228

Inequality and Volatility Moderation in Russia : Evidence from Micro-Level Panel Data on Consumption and Income

Gorodnichenko, Yuriy - 2009

We construct key household and individual economic variables using a panel micro data set from the Russia Longitudinal Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality decreased during the 2000-2005 economic recovery....

Persistent link: https://www.econbiz.de/10012463569