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Estimating the marginal propensity to consume using the distributions of income, consumption and wealth
Fisher, Jonathan; Johnson, David S.; Smeeding, Timothy M.; … - 2019
Recent studies of economic inequality almost always separately examine income, consumption, and wealth inequality and …-wealth households cannot smooth consumption as much as other households do, which further implies that increasing wealth inequality … likely reduces aggregate consumption and limits economic growth. …
Persistent link: https://www.econbiz.de/10012059607
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Measuring consumer expenditures with payment diaries
Schuh, Scott - 2017
; 2)DCPC consumption estimates are 17 percent higher than personal consumption expendituresestimates in comparable …
Persistent link: https://www.econbiz.de/10011754830
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The local aggregate effects of minimum wage increases
Cooper, Daniel; Luengo-Prado, Maria José; Parker, … - 2017
This paper examines the effect of minimum wage changes on local aggregate inflation and consumption growth. The paper …-wage workers. Interestingly, consumers adjust their real food consumption when minimum wages rise, suggesting that some workers …
Persistent link: https://www.econbiz.de/10012059582
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Credit card utilization and consumption over the life cycle and business cycle
Fulford, Scott L.; Schuh, Scott - 2017
estimate a structural model of life-cycle consumption and credit use in which credit cards can be used for payments …
Persistent link: https://www.econbiz.de/10012059588
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A concise test of rational consumer search
Lee, Chloe; Luengo-Prado, Maria José; Sørensen, Bent E. - 2018
A simple model of time allocation between work and price-search predicts that consumers spend relatively more time searching for better prices for goods of which they consume relatively more. Using scanner data, we confirm empirically that consumers pay lower (higher) prices for goods that they...
Persistent link: https://www.econbiz.de/10012059595
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The effects of changes in local-bank health on household consumption
Cooper, Daniel; Peek, Joe - 2018
Focusing on localized measures of bank health and economic activity, and renters as well as homeowners, this paper uses an innovative approach to identifying households likely in need of credit to investigate the effect on household spending of a deterioration in local-bank health. The analysis...
Persistent link: https://www.econbiz.de/10012059596
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Consumption, credit, and the missing young
Cooper, Daniel; Gorbachev, Olga; Luengo-Prado, Maria José - 2019
adults missing from credit bureau data act as a drag on state-level consumption growth. This finding seems to be driven by …
Persistent link: https://www.econbiz.de/10012388946
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The mortgage cash flow channel of monetary policy transmission: A tale of two countries
Cooper, Daniel; Garga, Vaishali; Luengo-Prado, Maria José - 2021
We study the mortgage cash flow channel of monetary policy transmission under fixed-rate mortgage (FRM) versus adjustable-rate mortgage (ARM) regimes by comparing the United States with primarily long-term FRMs and Spain with primarily ARMs that automatically reset annually. We find a robust...
Persistent link: https://www.econbiz.de/10012882640
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Consumption heterogeneity by occupation: Understanding the impact of occupation on personal consumption during the COVID-19 pandemic
Cotton, Christopher D.; Garga, Vaishali; Rohan, Justin - 2020
pandemic to analyze the response of consumption spending to unemployment risk. We find that earlier in the pandemic, higher …
Persistent link: https://www.econbiz.de/10012606355
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Welfare trends in Romania, 1990-2014
Toader, Şerban; Iancu, Victor; Olteanu, Dan - 2016
half decades (1990-2014). We considered three main pillars of welfare - health, income & consumption, education - and we …
Persistent link: https://www.econbiz.de/10011930800