Consumer response to the Reagan tax cuts

By Nicholas S. Souleles. 2002

214 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/b9ee911047d485fe6dc2924bd4615473f20eae94

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Citations in the corpus

Child labor and schooling responses to anticipated income in South Africa (2006, background): “For these latter two reasons, recent tests of the consumption smoothing life-cycle/permanent income hypothesis models have tended to examine household responses to well-defined, anticipated income changes (e.g. Parker 1999, Souleles 1999, 2002).”
Fiscal Foresight: Analytics and Econometrics (2008, background): “Souleles (2002) examines the consumption effect in response to withholding changes due to the pre-announced, phase-II income tax rate cuts in the Economic Recovery Tax Act.”
The Economic Stimulus Payments of 2008 and the aggregate demand for consumption (2014, unknown): “…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 (1992), Browning and Lusardi (1996), and Jappelli and Pistaferri (2010).”
Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks (2009, background): “…U.S. consumption reacts to announcements of future tax changes and fails to find robust evidence in favor of this hypothesis.1 Parker (1999) and Souleles (1999, 2002) study Consumer Expenditure Survey (CEX) data and show that consumption responds to the implementation of tax changes rather…”
Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging (2014, background): “Consistent with this view, Gross and Souleles (2002) show that consumers whose credit card limits get increased rise their debt, with the effect being larger for consumers near their current limit, which is consistent with binding liquidity constraints.”
Measuring the Impact of Fiscal Policy in the Face of Anticipation: A Structural VAR Approach* (2010, methodology): “…such an approach has been used in a number of microeconometric studies of the consumption response to preannounced tax changes, see e.g. Heim (2007), Parker (1999), and Souleles (1999, 2002), as well as in macroeconomic studies of tax changes, see e.g. Poterba (1988) and Mertens and Ravn (2009).”
The Consumption Response to Income Changes (2009, background): “Since highwealth individuals are those mostly using the tax refund to spend on durables, he concludes that borrowing constraints can explain only part of the results.11 Souleles (2002) also points out that liquidity constraints are unlikely to explain his excess sensitivity finding.”
The Distribution of Wealth and the Marginal Propensity to Consume (2017, unknown): “However, much of the empirical work (e.g., Souleles (2002), Misra and Surico (2011) or Parker, Souleles, Johnson, and McClelland (2011)) does not nd that the consumption response of low-wealth or liquidity constrained households is statistically signi cantly higher, possibly because of measurement…”
Fiscal Foresight and Information Flows (2012, unknown): “Souleles (2002) examines the consumption effect in response to withholding changes due to the pre-announced, phase-II income tax rate cuts in the Economic Recovery Tax Act.”