| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29648 |
| 来源ID | Working Paper 29648 |
| Household Spending Responses to the Economic Impact Payments of 2020: Evidence from the Consumer Expenditure Survey | |
| Jonathan A. Parker; Jake Schild; Laura Erhard; David Johnson | |
| 发表日期 | 2022-01-17 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Using the Consumer Expenditure Survey and variation in amount, receipt, and timing of receipt of Economic Impact Payments (EIPs) authorized by the CARES Act, this paper estimates that people spent less of their EIPs in the few months following arrival than in similar previous policy episodes and than estimated by existing studies using other types of data. Accounting for volatility during the pandemic and comparing the consumer spending behavior of broadly similar households, people spent roughly 10 percent (standard error 3.4) of their EIPs on non-durable goods and services in the three months of arrival, with little evidence of additional spending in the subsequent three months or on durable goods. People who report mostly spending their EIPs spent 14.3\% (3.7) of their EIPs compared to 5.9\% (8.3) and -1.6\% (5.0) for those who report mostly paying off debt and saving respectively. People with low liquid wealth and people receiving their EIPs on debit cards spent at higher rates: 21.7\% (6.4) and 36.8\% (24.6) respectively, with economically larger estimates for total spending. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Fiscal Policy ; Financial Economics ; Public Economics ; Taxation ; COVID-19 |
| URL | https://www.nber.org/papers/w29648 |
| 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/587322 |
| 推荐引用方式 GB/T 7714 | Jonathan A. Parker,Jake Schild,Laura Erhard,et al. Household Spending Responses to the Economic Impact Payments of 2020: Evidence from the Consumer Expenditure Survey. 2022. |
| 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 | ||
| w29648.pdf（762KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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