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: 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:
      D12 Consumer Economics: Empirical Analysis
      D14 Household Saving; Personal Finance
      E21 Macroeconomics: Consumption; Saving; Wealth
      E62 Fiscal Policy

Related Publications

Download this project

Published Versions

V1 [2019-12-06]

Export Metadata

Dublin Core

DDI 2.5

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.