Giovanni Immordino, Tullio Jappelli, Tommaso Oliviero
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Abstract
Using a survey of Italian households administered in November 2021, we study the effect of microeconomic and macroeconomic expectations about the health crisis and income growth on consumption expectations in 2022. The survey elicits individual-level indicators of income and consumption expectations, distinguishing between consumption at home, away from home, online and total. We find that expected household income and expected GDP growth are strongly related to consumption expectations; income risk is positively associated with expected consumption growth for richer households. Finally, our results indicate that health-related variables were not a major drivers of consumption expectations in 2022.
期刊介绍：
The Review of Economics of the Household publishes high-quality empirical and theoretical research on the economic behavior and decision-making processes of single and multi-person households. The Review is not wedded to any particular models or methods. It welcomes both macro-economic and micro-level applications. Household decisions analyzed in this journal include · household production of human capital, health, nutrition/food, childcare, and eldercare, · well-being of persons living in households, issues of gender and power, · fertility and risky behaviors, · consumption, savings and wealth accumulation, · labor force participation and time use,· household formation (including marriage, cohabitation and fertility) and dissolution,· migration, intergenerational transfers,· experiments involving households,· religiosity and civility.The journal is particularly interested in policy-relevant economic analyses and equally interested in applications to countries at various levels of economic development. The Perspectives section covers articles on the history of economic thought and review articles. Officially cited as: Rev Econ Household
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