Financial concerns and the marginal propensity to consume in COVID times: Evidence from UK survey data

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-09-11 DOI:10.1016/j.jmacro.2023.103563

Bruno Albuquerque , Georgina Green

引用次数: 0

Abstract

We study how household concerns about their future financial situation may affect the marginal propensity to consume (MPC) during the COVID-19 pandemic. We use a representative survey of UK households to compute the MPC from a hypothetical transfer of £500. We find that household expectations play a key role in determining differences in MPCs across households: households that are concerned about not being able to make ends meet have a 20% higher MPC than other households. Our findings suggest that policies targeted at vulnerable and financially distressed households may prove more effective in stimulating demand than providing stimulus payments to all households.

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COVID时期的财务担忧和边际消费倾向:来自英国调查数据的证据

我们研究了在新冠肺炎大流行期间，家庭对其未来财务状况的担忧如何影响边际消费倾向（MPC）。我们使用一项对英国家庭的代表性调查，根据500英镑的假设转移计算MPC。我们发现，家庭期望在决定家庭MPC差异方面发挥着关键作用：担心入不敷出的家庭的MPC比其他家庭高20%。我们的研究结果表明，针对弱势和经济困难家庭的政策在刺激需求方面可能比向所有家庭提供刺激付款更有效。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.