| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10784 |
| 来源ID | Working Paper 10784 |
| Household Expenditure and the Income Tax Rebates of 2001 | |
| David S. Johnson; Jonathan A. Parker; Nicholas S. Souleles | |
| 发表日期 | 2004-09-20 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Under the Economic Growth and Tax Relief Reconciliation Act of 2001, most U.S. taxpayers received a tax rebate between July and September, 2001. The week in which the rebate was mailed was based on the second-to-last digit of the taxpayer's Social Security number, a digit that is effectively randomly assigned. Using special questions about the rebates added to the Consumer Expenditure Survey, we exploit this historically unique experiment to measure the change in consumption expenditures caused by receipt of the rebate and to test the Permanent Income Hypothesis and related models. We find that households spent about 20-40 percent of their rebates on non-durable goods during the three-month period in which their rebates were received, and roughly another third of their rebates during the subsequent three-month period. The implied effects on aggregate consumption demand are significant. The estimated responses are largest for households with relatively low liquid wealth and low income, consistent with liquidity constraints. |
| 主题 | Macroeconomics ; Consumption and Investment ; Fiscal Policy ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w10784 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568415 |
| 推荐引用方式 GB/T 7714 | David S. Johnson,Jonathan A. Parker,Nicholas S. Souleles. Household Expenditure and the Income Tax Rebates of 2001. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10784.pdf（452KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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