Arbeitspapier
Stimulus payments and private transfers
Private transfers can affect the spending response to stimulus payments, as those receiving income windfalls may transfer resources to other households in greater financial need. We report a survey experiment where individuals were asked how they would respond to a £500 payment, with a randomly selected subset of individuals explicitly told that all households would receive the same payments (a 'public windfall' scenario). This additional information increased MPCs by 11%. Reported transfer intentions in response to windfalls suggest that public payments crowd out private transfers, partly accounting for the higher MPCs in the public windfall case.
- Language
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Englisch
- Bibliographic citation
-
Series: IFS Working paper ; No. W22/10
- Classification
-
Wirtschaft
Consumer Economics: Empirical Analysis
Household Saving; Personal Finance
Macroeconomics: Consumption; Saving; Wealth
- Subject
-
spending
transfers
MPCs
survey experiment
- 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)
-
2022
- DOI
-
doi:10.1920/wp.ifs.2022.1022
- 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
- 2022
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