Arbeitspapier
Government transfers and consumer spending among households with children during COVID-19
Leveraging novel data on consumer credit and debit card spending by Zip code, this study examines how the impact of government transfers on economic well-being varied by household type during the COVID-19 pandemic. Our findings indicate that pandemic transfers disproportionately benefited households with children, buffering them from earnings losses at the pandemic's start and sustaining spending growth over time. Household essential spending increased proportionally with the delivery of cash transfers, while discretionary spending was influenced more by pandemic-specific factors beyond household income. Our results also offer preliminary evidence that households with children had a higher marginal propensity to consume during the early stages of the pandemic. These findings highlight the efficacy of government transfers in safeguarding household consumption during a period of large-scale job loss.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Papers ; No. 22-17
- Classification
-
Wirtschaft
Fiscal Policies and Behavior of Economic Agents: Household
General Welfare; Well-Being
- Subject
-
consumer spending
children
government transfers
COVID-19
- Event
-
Geistige Schöpfung
- (who)
-
Wu, Pinghui
Fusaro, Vincent
Shaefer, H. Luke
- Event
-
Veröffentlichung
- (who)
-
Federal Reserve Bank of Boston
- (where)
-
Boston, MA
- (when)
-
2022
- DOI
-
doi:10.29412/res.wp.2022.17
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
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
- Wu, Pinghui
- Fusaro, Vincent
- Shaefer, H. Luke
- Federal Reserve Bank of Boston
Time of origin
- 2022
Other Objects (12)
Household Debt and Consumer Spending in Korea: Evidence from Household Data
Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey
Household inflation expectations and consumer spending: Evidence from panel data
Household inflation expectations and consumer spending: Evidence from panel data
Credit constraints and consumer spending
Pandemic Shocks and Household Spending
Explaining trends in household spending
Pandemic Shocks and Household Spending
Pandemic Shocks and Household Spending
The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending
The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending
The forecasting power of consumer attitudes for consumer spending
Household Debt and Consumer Spending in Korea: Evidence from Household Data
Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey
Household inflation expectations and consumer spending: Evidence from panel data
Household inflation expectations and consumer spending: Evidence from panel data
Credit constraints and consumer spending
Pandemic Shocks and Household Spending
Explaining trends in household spending
Pandemic Shocks and Household Spending
Pandemic Shocks and Household Spending
The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending
The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending
The forecasting power of consumer attitudes for consumer spending
Household Debt and Consumer Spending in Korea: Evidence from Household Data
Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey
Household inflation expectations and consumer spending: Evidence from panel data
Household inflation expectations and consumer spending: Evidence from panel data
Credit constraints and consumer spending
Pandemic Shocks and Household Spending
Explaining trends in household spending
Pandemic Shocks and Household Spending
Pandemic Shocks and Household Spending
The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending
The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending