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Immigration Restrictions as Active Labor Market Policy : Evidence from the Mexican Bracero Exclusion
Clemens, Michael A. - 2017
There has been little rigorous evaluation of immigration barriers intended to improve domestic terms of employment by shrinking the workforce. We study one such barrier, a policy change that excluded almost half a million Mexican bracero seasonal agricultural workers from the United States....
Persistent link: https://www.econbiz.de/10012963750
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Effects of Emigration on Rural Labor Markets
Akram, Agha - 2017
Rural to urban migration is an integral part of the development process, but there is little evidence on how out-migration …) a decrease in the price of non-tradables like prepared food and tea. Seasonal migration subsidies not only generate …
Persistent link: https://www.econbiz.de/10012945613
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Life-Cycle Consumption Patterns at Older Ages in the Us and the UK : Can Medical Expenditures Explain the Difference?
Banks, James W. - 2016
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in … ownership and expenses, levels and paths of health status, number of household members, and out-of -pocket medical expenditures …
Persistent link: https://www.econbiz.de/10012984779
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Expenditure Visibility and Consumer Behavior : New Evidence
Heffetz, Ori - 2018
Expenditure visibility—the extent to which a household's spending on a consumption category is noticeable to others—is measured in three new surveys, with ~3,000 telephone and online respondents. Visibility shows little change across time (ten years) and survey methods. Four different...
Persistent link: https://www.econbiz.de/10012909500
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Unconventional Fiscal Policy
D'Acunto, Francesco - 2018
Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We provide preliminary evidence for the effectiveness of such policies using changes in...
Persistent link: https://www.econbiz.de/10012929012
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Non-Durable Consumption and Housing Net Worth in the Great Recession : Evidence from Easily Accessible Data
Kaplan, Greg - 2016
housing net worth on household expenditures during the Great Recession. Their widely-cited estimates are based on proprietary … specification on our data, we obtain values for the elasticity of expenditures to the housing net worth shock that are virtually … conclusions about the separate roles of house prices and initial housing exposure/leverage for the drop in expenditures. Moreover …
Persistent link: https://www.econbiz.de/10012992649
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The Effect of Unconventional Fiscal Policy on Consumption Expenditure
D'Acunto, Francesco - 2016
Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural experiment for an empirical test of the effectiveness of...
Persistent link: https://www.econbiz.de/10012984119
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The Timing of Purchases and Aggregate Fluctuations
Leahy, John V.; Zeira, Joseph - 2021
This paper analyzes how the decision of when to buy a durable good affects both non-durable consumption and business cycle dynamics. At the individual level, we show that the timing of durable goods purchases plays an important role in smoothing consumption over time. In the benchmark case, the...
Persistent link: https://www.econbiz.de/10013222960
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Adjustment Costs, Durables, and Aggregate Consumption
Bernanke, Ben - 2021
Previous tests of the permanent income hypothesis (PIH) have focused on either nondurables or durables expenditures in …
Persistent link: https://www.econbiz.de/10013229811
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Durable Goods : An Explanation for Their Slow Adjustment
Caballero, Ricardo J. - 2021
Aggregate expenditure on durable goods responds too slowly to wealth and other aggregate innovations to be consistent with the simplest frictionless version of PIH (permanent income hypothesis). In this paper I present a model of aggregate expenditure on durab1es that builds up from the lumpy...
Persistent link: https://www.econbiz.de/10013210626