Arbeitspapier
MPCs through COVID: Spending, saving and private transfers
MPCs were directly elicited from a representative sample of UK adults in July 2020. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These low MPCs may be a consequence of the prevailing economic uncertainty. Some respondents report that they would respond to a one-time income payment by transferring more to friends and family, others report they would see a decline in the payments received. Targeting payments to high-MPC individuals could be partly undone. Further, the aggregate MPC out of a stimulus payment need not equal the population-average MPC, even if all individuals receive the same payment.
- Language
-
Englisch
- Bibliographic citation
-
Series: IFS Working Paper ; No. W20/35
- Classification
-
Wirtschaft
Consumer Economics: Empirical Analysis
Household Saving; Personal Finance
Macroeconomics: Consumption; Saving; Wealth
- Subject
-
COVID-19
spending
MPC
crowding out
- Event
-
Geistige Schöpfung
- (who)
-
Crossley, Thomas F.
Fisher, Paul
Levell, Peter
Low, Hamish
- Event
-
Veröffentlichung
- (who)
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Institute for Fiscal Studies (IFS)
- (where)
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London
- (when)
-
2020
- DOI
-
doi:10.1920/wp.ifs.2020.3520
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Crossley, Thomas F.
- Fisher, Paul
- Levell, Peter
- Low, Hamish
- Institute for Fiscal Studies (IFS)
Time of origin
- 2020
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Saving and spending retirement wealth
Medical spending and savings of aging households
Government transfers and consumer spending among households with children during COVID-19
Spending effects of child-related fiscal transfers
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High-frequency spending responses to government transfer payments
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MPCs in an economic crisis: Spending, saving and private transfers
Saving and spending retirement wealth
Medical spending and savings of aging households
Government transfers and consumer spending among households with children during COVID-19
Spending effects of child-related fiscal transfers
Spending effects of child-related fiscal transfers
Spending when illiquid savings become liquid: Evidence from Danish wage earners
How does spending change through retirement?
High-frequency spending responses to government transfer payments