| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8306 |
| DP8306 Heterogeneous Responses and Aggregate Impact of the 2001 Income Tax Rebates | |
| Paolo Surico; Kanishka Misra | |
| 发表日期 | 2011-04-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | This paper estimates the heterogeneous responses to the 2001 income tax rebates across endogenously determined groups of American households. Around 45% of the sample saved the entire value of the rebate. Another 20%, with low income and liquid wealth, spent a significant amount. The largest propensity to consume, however, was associated with the remaining 35% of households, with higher income or liquid wealth. The estimated heterogeneity implies that the tax rebates added a 3.27% to aggregate non-durable consumption expenditure in the second half of 2001. The estimates of the homogeneous response model, in contrast, predict a 5.05% increase. |
| 主题 | International Macroeconomics |
| 关键词 | Heterogeneity Propensity to consume Fiscal policy |
| URL | https://cepr.org/publications/dp8306 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537143 |
| 推荐引用方式 GB/T 7714 | Paolo Surico,Kanishka Misra. DP8306 Heterogeneous Responses and Aggregate Impact of the 2001 Income Tax Rebates. 2011. |
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