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来源类型Working Paper
规范类型报告
DOI10.3386/w23920
来源IDWorking Paper 23920
Reported Effects vs. Revealed-Preference Estimates: Evidence from the propensity to spend tax rebates
Jonathan A. Parker; Nicholas S. Souleles
发表日期2017-10-16
出版年2017
语种英语
摘要We evaluate the consistency of two methods for estimating the effect of an economic policy: i) asking people how the policy caused them to change their behavior (reported effects); ii) inferring this change using data on behavior and differences in treatment across people (revealed-preference estimates). Both methods are widely used to measure spending caused by increases in liquidity. Using Federal stimulus payments disbursed quasi-randomly in 2008, we find larger revealed-preference estimates of spending propensities for households who report greater spending responses, and the methods produce similar average propensities. But evidence is mixed on the relationship between spending propensities and liquidity.
主题Other ; History of Economic Thought ; Econometrics ; Estimation Methods ; Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Fiscal Policy ; Public Economics ; Taxation
URLhttps://www.nber.org/papers/w23920
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/581593
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Jonathan A. Parker,Nicholas S. Souleles. Reported Effects vs. Revealed-Preference Estimates: Evidence from the propensity to spend tax rebates. 2017.
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