Do Consumers React to Anticipated Income Changes? Evidence from the Alaska Permanent Fund

By Chang-tai Hsieh. 2003

345 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/1ba8e132842c32e9cb4b3cc9f2536bb301b2dc14

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Citations in the corpus

• A Model of the Consumption Response to Fiscal Stimulus Payments (2011, background): “Size asymmetry Hsieh (2003) shows that the same CEX consumers who ‘overreact’ to the (37)Souleles (1999) studies the consumption response to anticipated tax refunds (whose median size is around $560 (Table 1).”
• The Economic Stimulus Payments of 2008 and the aggregate demand for consumption (2014, unknown): “To measure the spending effects of the ESPs, we conducted a multi-wave survey of roughly 60,000 households in Nielsen’s consumer panel (NCP, formerly Homescan consumer 2See for example Jonathan A. Parker (1999), Nicholas S. Souleles (1999, 2002), and Chang-Tai Hsieh (2003), or the reviews of Deaton ”
• Mortgage Rates, Household Balance Sheets, and the Real Economy (2014, unknown): “…the household responses to fiscal stimulus, in the form of tax refunds (Shapiro and Slemrod 1995), rebates (Shapiro and Slemrod 2003, Johnson et al. 2006, Agarwal et al. 2007, Shapiro and Slemrod 2009, Parker et al. 2013), or other transfer programs (e.g. Agarwal and Qian 2014; Hsieh 2003).”
• What Would You Do with $500? Spending Responses to Gains, Losses, News, and Loans (2018, background): “The revealed preference approach uses these data to estimate MPCs either by cleverly exploiting natural experiments that mimic unexpected changes in household budgets—e.g. fiscal stimulus payments (Parker et al., 2013), lottery winnings (Fagereng et al., 2016), minimum wage hikes (Aaronson et al., 2”
• The Spending and Debt Response to Minimum Wage Hikes (2012, unknown): “In order to get time period 1 non-durables and durables spending, note that equation (27) shows that consumption grows at rate (β(1 + r)) 1 γ , and thus the marginal propensity to consume non-durables at time 1, given an increase in full wealth at time 0, is (β(1 + r)) 1 γ (1− θ) [”
• Cash-on-Hand and Competing Models of Intertemporal Behavior: New Evidence from the Labor Market (2007, background): “Similarly, Hsieh (2003) nds no relation between spending and the timing of payments from the Alaska State fund.”
• Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks (2009, unknown): “2Evidence in Browning and Collado (2001) and Hsieh (2003) challenges these results.”
• Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging (2014, background): “A number of studies, such as Zeldes (1989b), Jappelli (1990), Aiyagari (1994), Jappelli et al.”
• Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy (2010, unknown): “This violation of the model predictions is surprising, because consumption does not appear to react to other anticipated income changes (Browning and Collado, 2003, Hsieh, 2003).”