| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9649 |
| DP9649 Household Debt and the Dynamic Effects of Income Tax Changes | |
| Paolo Surico; James Cloyne | |
| 发表日期 | 2013-09-15 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | Using a long span of expenditure survey data and a new narrative measure of exogenous income tax changes for the United Kingdom, we show that households with mortgage debt exhibit large and persistent consumption responses to tax changes. Home-owners without a mortgage, in contrast, do not appear to react, with responses not statistically different from zero at all horizons. Splitting the sample by age and education yields only limited evidence of heterogeneity as the distributions of these demographics tend to overlap across housing tenure groups. We interpret our findings through the lens of traditional and more recent theories of liquidity constraints, providing a novel interpretation for the aggregate effects of tax changes on the real economy. |
| 主题 | International Macroeconomics |
| 关键词 | Liquidity constraints Mortgage debt Narrative tax changes |
| URL | https://cepr.org/publications/dp9649 |
| 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/538485 |
| 推荐引用方式 GB/T 7714 | Paolo Surico,James Cloyne. DP9649 Household Debt and the Dynamic Effects of Income Tax Changes. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Paolo Surico]的文章 |
| [James Cloyne]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Paolo Surico]的文章 |
| [James Cloyne]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Paolo Surico]的文章 |
| [James Cloyne]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
