普遍支付在提高消费方面有多有效? 来自自然实验的证据
Seungjun Baek1, Seongeun Kim2, Tae-Hwan Rhee2
1Department of International Business and Trade, Kyung Hee University, Seoul, Korea.
概括
韩国 韩国 韩国 韩国
科学领域:
- 经济学 经济学 经济学
- 公共政策 公共政策
- 行为经济学是一种行为经济学.
背景情况:
- 由于COVID-19的流行,需要采取经济刺激措施.
- 在韩国 Gyeonggi 省分发了普遍刺激支付.
- 在仁川市的一个对照组提供了一个比较的基线.
研究的目的:
- 评估普遍刺激支付对家庭消费的影响.
- 为了确定刺激支付的边际消费倾向 (MPC).
- 分析不同家庭的刺激支付效应的异质性.
主要方法:
- 使用信用卡和借记卡数据进行差异分析.
- 分析家庭消费模式在付款前和付款后的分布.
- 消费边际倾向 (MPC) 的估计和无条件的量化处理效应.
主要成果:
- 刺激支付在20天内使每人每月消费量增加约3万韩元.
- 单人家庭的总体边际消费倾向 (MPC) 为0.40.
- MPC差异很大,流动性受限制的家庭显示MPC接近一个,而其他家庭显示MPC接近零.
- 消费增长集中在收入较低的家庭 (低于中位数).
结论:
- 普遍刺激性支付可以促进家庭消费,特别是对于流动性有限的个人.
- 刺激支付的有效性在很大程度上取决于家庭的财务状况.
- 有针对性的刺激方法可能更有效地最大限度地刺激总需求.
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