The aftermath of the recent recession has seen calls to use transfers to poorer households as a means to enhance aggregate economic activity. The goal of this paper is to study the effects of wealth redistribution from rich to poor households on consumption and output in the short run. We first...

The aftermath of the recent recession has seen calls to use transfers to poorer households as a means to enhance aggregate economic activity. The goal of this paper is to study the effects of wealth redistribution from rich to poor households on consumption and output in the short run. We first...

Using the Kilts-Nielsen consumer panel data, I estimate the response of the household price index to moving to a new location. Households pay 1.5% higher prices at retail stores after moving, and the effect decays over a 15 month period. Their distribution over retailers also reacts to the move,...