| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15474 |
| DP15474 Consumption Dynamics in the COVID Crisis: Real Time Insights from French Transaction & Bank Data | |
| Camille Landais; David Bounie; Youssouf Camara; Etienne Fize; John W. Galbraith; Chloe Lavest; Tatiana Pazem; Baptiste Savatier | |
| 发表日期 | 2020-11-19 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We use anonymised transaction and bank data from France to document the evolution of consumption and savings dynamics since the onset of the pandemic. We find that consumption has dropped very severely during the nation-wide lockdown but experienced a strong and steady rebound during the Summer, before faltering in late September. This drop in consumption was met with a significant increase in aggregate households’ net financial wealth. This excess savings is extremely heterogenous across the income distribution: 50% of excess wealth accrued to the top decile. Households in the bottom decile of the income distribution experienced a severe decrease in consumption, a decrease in savings and an increase in debt. We estimate marginal propensities to consume and show that their magnitude is large, especially at the bottom of the income and liquidity distributions. |
| 主题 | Public Economics |
| URL | https://cepr.org/publications/dp15474 |
| 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/544470 |
| 推荐引用方式 GB/T 7714 | Camille Landais,David Bounie,Youssouf Camara,et al. DP15474 Consumption Dynamics in the COVID Crisis: Real Time Insights from French Transaction & Bank Data. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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