Consumption Commitments and Risk Preferences

By Raj Chetty, Adam Szeidl. 2007

500 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Gender Studies

View Paper: https://www.semanticscholar.org/paper/26312e13974e4382c488d6f46126991859c215da

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Citations in the corpus

Extended Unemployment Benefits and Early Retirement: Program Complementarity and Program Substitution (2016, unknown): “Keywords: Early retirement, unemployment, policy reform, disability JEL Classification Numbers: J14, J26”
What Matters to Individual Investors? Evidence from the Horse's Mouth (2018, unknown): “19 non-participants, make them less likely to start participating in the stock market) rather than increase it or make them more likely to participate (45% versus 13%), as Chetty and Szeidl (2007) and Chetty, Sándor, and Szeidl (2016) predict.”
Knowledge of Future Job Loss and Implications for Unemployment Insurance (2017, unknown): “I explore the impact of unemployment on food expenditure in the Panel Study of Income Dynamics (PSID), building upon a large literature (e.g., Gruber 1997; Chetty and Szeidl 2007).”
Home equity commitment and long-term care insurance demand (2010, background): “Chetty and Szeidl (2007) show that when consumption of goods such as housing is adjusted downward only when large losses occur, consumers may be more averse to smaller than larger risks, and need not exhibit global risk aversion.1 That LTCI demand can be weakened by commitment to housing…”
Over)insuring Modest Risks (2010, background): “As Chetty and Szeidl (2007) point out however, many consumption choices (e.g., housing) are costly to adjust in the short run, and as such an individual facing moderate risks may choose to smooth those risks over only a portion of consumption (e.g., food expenditures).”
The Liquid Hand-to-Mouth: Evidence from Personal Finance Management Software (2018, methodology): “Recent theoretical examples of models with liquid and illiquid assets are Angeletos et al. (2001), Laibson et al. (2003), Flavin and Nakagawa (2008), Chetty and Szeidl (2007), Alvarez et al. (2012), Huntley and Michelangeli (2014), and Kaplan and Violante (2014a).”
Underinvestment in a Profitable Technology: The Case of Seasonal Migration in Bangladesh (2014, background): “In circumstances analogous to ours, Chetty and Szeidl (2007) show that agents even in developed countries become more risk averse with commitments for consumption.”
HOW DOES CONSUMPTION RESPOND TO NEWS ABOUT INFLATION? FIELD EVIDENCE FROM A RANDOMIZED CONTROL TRIAL (2019, background): “Indeed, Chetty and Szeidl (2007) document that some types of consumer spending may be rather inflexible and households may cut spending on food (more generally small purchases) in response to large negative income shocks to stick to their consumption plans.”
Mortgage Rates, Household Balance Sheets, and the Real Economy (2014, result): “This finding supports the view that debt service costs inhibit durables purchases, as in Mian, Rao, and Sufi (2013), and in the literature on “consumption commitments” (see, e.g., Chetty and Szeidl 2007).”
Consumer Spending during Unemployment: Positive and Normative Implications (2019, unknown): “Researchers have raised concerns that the measured drop in food expenditure fails to capture a larger drop in unmeasured consumption categories (Chetty and Szeidl 2007).”