“What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans”
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“What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans” is an economics research paper by Greg Kaplan that analyzes how households say they would adjust their spending in response to unexpected financial changes such as windfalls, losses, new information, or borrowing opportunities.
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| What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans | 0 |
Statements (32)
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| instanceOf |
academic article
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economics research paper ⓘ |
| analyzes |
how households say they would adjust spending after losses
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how households say they would adjust spending after new financial information ⓘ how households say they would adjust spending after windfalls ⓘ how households say they would adjust spending when given loan opportunities ⓘ |
| author | Greg Kaplan NERFINISHED ⓘ |
| contribution |
evidence on role of credit access in spending decisions
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evidence on stated marginal propensity to consume from small shocks ⓘ insights into asymmetry between responses to gains and losses ⓘ |
| field | economics ⓘ |
| focus |
heterogeneity in spending responses
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self-reported spending plans ⓘ survey-based hypothetical questions ⓘ |
| language | English ⓘ |
| methodology | survey of hypothetical $500 scenarios ⓘ |
| relatedTo |
consumption-smoothing models
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liquidity constraints ⓘ precautionary saving ⓘ survey expectations data ⓘ |
| subfield |
behavioral economics
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consumption theory ⓘ household finance ⓘ |
| topic |
borrowing opportunities
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financial losses ⓘ household expectations ⓘ household spending responses ⓘ income shocks ⓘ marginal propensity to consume ⓘ news about future income ⓘ unexpected income changes ⓘ windfall gains ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Greg Kaplan
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“What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans”
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