MPCs in an economic crisis: Spending, saving and private transfers

نویسندگان

چکیده

MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt hypothetical unanticipated, one-time income payment. Reported are modest, around 11% on average. They higher, but still for individuals households with high current needs. Significant fractions respondents report they would use windfall to pay down debt, or that change their transfer payments family and friends. The latter means the aggregate MPC out stimulus payment need not equal population-average MPC.

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ژورنال

عنوان ژورنال: Journal of public economics plus

سال: 2021

ISSN: ['2666-5514']

DOI: https://doi.org/10.1016/j.pubecp.2021.100005