Arbeitspapier
Household spending out of a tax rebate: Italian "€80 tax bonus"
We estimate the consumption response of Italian households to the "Euro80 tax bonus" intro-duced in 2014, using the panel component on the Survey of Household Income and Wealth. We find that households that received the tax rebate increased their monthly consumption of food and means of transportation by about Euro20 and Euro30, respectively, about 50-60 per cent of the total bonus. There was a larger increase for households with low liquid wealth or low income. Our estimates are quite robust to different model specifications and are broadly in line with the evidence available from similar tax rebates in other countries but, due to the small sample size, are not always statistically significant. To understand the mechanism behind our results we then simulate an overlapping generations model of household consumption: the marginal propensity to consume generated by the structural model is in line with our empirical estimates.
- ISBN
-
978-92-899-2821-2
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 2099
- Klassifikation
-
Wirtschaft
Consumer Economics: Empirical Analysis
Macroeconomics: Consumption; Saving; Wealth
- Thema
-
fiscal stimulus
expenditure
consumer behavior
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Neri, Andrea
Rondinelli, Concetta
Scoccianti, Filippo
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2017
- DOI
-
doi:10.2866/390803
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Neri, Andrea
- Rondinelli, Concetta
- Scoccianti, Filippo
- European Central Bank (ECB)
Entstanden
- 2017
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