Replication data for: Consumer Spending and the Economic Stimulus Payments of 2008
Principal Investigator(s): View help for Principal Investigator(s) Jonathan A. Parker; Nicholas S. Souleles; David S. Johnson; Robert McClelland
Version: View help for Version V1
Name | File Type | Size | Last Modified |
---|---|---|---|
ParkerSoulelesJohnsonmMcClellandReplication | 12/06/2019 04:14:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 12/06/2019 11:14:AM |
Project Citation:
Parker, Jonathan A., Souleles, Nicholas S., Johnson, David S., and McClelland, Robert. Replication data for: Consumer Spending and the Economic Stimulus Payments of 2008. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116117V1
Project Description
Summary:
View help for Summary
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).
Scope of Project
JEL Classification:
View help for JEL Classification
D12 Consumer Economics: Empirical Analysis
D14 Household Saving; Personal Finance
E21 Macroeconomics: Consumption; Saving; Wealth
E62 Fiscal Policy
D12 Consumer Economics: Empirical Analysis
D14 Household Saving; Personal Finance
E21 Macroeconomics: Consumption; Saving; Wealth
E62 Fiscal Policy
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.