| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14733 |
| DP14733 Consumption in the time of Covid-19: Evidence from UK transaction data | |
| Paolo Surico; Diego Känzig; Sinem Hacioglu Hoke | |
| 发表日期 | 2020-05-08 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Using transaction data from a large Fintech company, we document a decline of 40% to 50% in the spending of British households during the Covid-19 crisis. The fall is concentrated in services such as retail, restaurants and transportation. The initial rise in on-line shopping and groceries purchases has been subsequently reverted. Income reductions have become far more frequent, with a median decline around 30%. The share of borrowers facing financing issues has increased significantly for both secured and unsecured lending. Consumption and income inequality have surged, with the most economically vulnerable groups experiencing the largest percentage decline. Mortgagors and higher earners in London record the most sizable pound change. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Real-time indicators Expenditure Income Access to finance |
| URL | https://cepr.org/publications/dp14733-0 |
| 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/543656 |
| 推荐引用方式 GB/T 7714 | Paolo Surico,Diego Känzig,Sinem Hacioglu Hoke. DP14733 Consumption in the time of Covid-19: Evidence from UK transaction data. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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