| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25086 |
| 来源ID | Working Paper 25086 |
| Asymmetric Consumption Smoothing | |
| Brian Baugh; Itzhak Ben-David; Hoonsuk Park; Jonathan A. Parker | |
| 发表日期 | 2018-09-24 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Analyzing account-level data from an account aggregator, we find that households increase consumption when they receive (expected) tax refunds, as if they face liquidity constraints. However, these same households smooth consumption when making payments in other years, primarily by transferring funds among liquid accounts. Even households carrying credit card debt smooth consumption when making payments, and even highly-liquid households spend out of refunds. This behavior is inconsistent with pure liquidity constraints or hand-to-mouth behavior and most consistent with a mental accounting life-cycle model. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Financial Economics ; Behavioral Finance ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w25086 |
| 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/582759 |
| 推荐引用方式 GB/T 7714 | Brian Baugh,Itzhak Ben-David,Hoonsuk Park,et al. Asymmetric Consumption Smoothing. 2018. |
| 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 | ||
| w25086.pdf（620KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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