| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16684 |
| 来源ID | Working Paper 16684 |
| Consumer Spending and the Economic Stimulus Payments of 2008 | |
| Jonathan A. Parker; Nicholas S. Souleles; David S. Johnson; Robert McClelland | |
| 发表日期 | 2011-01-13 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We measure the response of household spending to the economic stimulus payments (ESPs) disbursed in mid-2008, using special questions added to the Consumer Expenditure Survey and variation arising from the randomized timing of when the payments were disbursed. We find that, on average, households spent about 12-30% (depending on the specification) of their stimulus payments on nondurable expenditures during the three-month period in which the payments were received. Further, there was also a substantial and significant increase in spending on durable goods, in particular vehicles, bringing the average total spending response to about 50-90% of the payments. Relative to research on the 2001 tax rebates, these spending responses are estimated with greater precision using the randomized timing variation. The estimated responses are substantial and significant for older, lower-income, and home-owning households. We find little evidence that the propensity to spend varies with the method of disbursement (paper check versus electronic transfer). |
| 主题 | Microeconomics ; Households and Firms ; Behavioral Economics ; Macroeconomics ; Consumption and Investment ; Fiscal Policy ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w16684 |
| 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/574359 |
| 推荐引用方式 GB/T 7714 | Jonathan A. Parker,Nicholas S. Souleles,David S. Johnson,et al. Consumer Spending and the Economic Stimulus Payments of 2008. 2011. |
| 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 | ||
| w16684.pdf（678KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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。
