| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16883 |
| DP16883 Income and Consumption over the Business Cycle: Evidence from Matched Administrative Data | |
| Calogero Brancatelli; Roman Inderst | |
| 发表日期 | 2022-01-11 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | This paper revisits the effects of income changes on consumption of private households by focusing on a commonly disregarded and yet sizeable component of household expenditures: consumption of food and non-food consumer packaged goods. We exploit a new data source from the Netherlands that combines on the level of individual households administrative data from tax records with household scanner data, thus minimizing measurement error for both expenditures and the key explanatory variable, household disposable income. Even after controlling for differences in needs and for consumption volume, we document significant variation in expenditures and thereby reveal substantial scope for potential savings. Still, even though the Netherlands experienced a recession and a subsequent recovery in the analysed period from 2011 to 2018, we find only an economically small relationship with income, which is also not higher for households with low income or low liquidity. Despite remaining small in magnitude, we document inter alia a much higher coefficient for single households. We can exclude various potentially confounding effects as we show that retailers practice national pricing and as we control for sample composition and potential substitution between in-house and out-of-house consumption. |
| 主题 | Macroeconomics and Growth ; Political Economy |
| 关键词 | Income effects Consumer-packaged goods Administrative data |
| URL | https://cepr.org/publications/dp16883 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545811 |
| 推荐引用方式 GB/T 7714 | Calogero Brancatelli,Roman Inderst. DP16883 Income and Consumption over the Business Cycle: Evidence from Matched Administrative Data. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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