The American economic review, 2013-10, Vol.103 (6), p.2530-2553
2013
Details
- Autor(en) / Beteiligte
- Titel
- Consumer Spending and the Economic Stimulus Payments of 2008
- Ist Teil von
- The American economic review, 2013-10, Vol.103 (6), p.2530-2553
- Ort / Verlag
- Nashville: American Economic Association
- Erscheinungsjahr
- 2013
- Link zum Volltext
- Quelle
- Business Source Ultimate
- Beschreibungen/Notizen
- We measure the change in household spending caused by receipt of the economic stimulus payments of 2008, using questions added to the Consumer Expenditure Survey and variation from the randomized timing of disbursement. Households spent 12–30 percent (depending on specification) of their payments on nondurable goods during the three-month period of payment receipt, and a significant amount more on durable goods, primarily vehicles, bringing the total response to 50–90 percent of the payments. The responses are substantial and significant for older, lower-income, and home-owning households. Spending does not vary significantly with the method of disbursement (check versus electronic transfer). (JEL D12, D14, E21, E62)
- Sprache
- Englisch
- Identifikatoren
- ISSN: 0002-8282eISSN: 1944-7981DOI: 10.1257/aer.103.6.2530Titel-ID: cdi_proquest_miscellaneous_1448372971
- Format
- –
- Schlagworte
- American Recovery & Reinvestment Act 2009-US, Censuses, Central banks, Consumer behavior, Consumer behaviour, Consumer spending, Consumption, Disbursements, Durable goods, Economic policy, Economic statistics, Economic theory, Estimates, Expenditures, Home ownership, Household expenditure, Households, Nondurable goods, Payments, Point estimators, Rebates, Receipts, Sales rebates, Shorter Papers, Social security numbers, Spending, Stimuli, Studies, Tax cuts, Tax payments, Tax refunds, Total expenditures