dc.contributor.author | CROSSLEY, Thomas F. | |
dc.contributor.author | FISHER, Paul | |
dc.contributor.author | LEVELL, Peter | |
dc.contributor.author | LOWE, Hamish | |
dc.date.accessioned | 2021-09-06T08:09:04Z | |
dc.date.available | 2021-09-06T08:09:04Z | |
dc.date.issued | 2021 | |
dc.identifier.citation | Journal of public economics plus, 2021, Vol. 2, Art. 100005, OnlineOnly | en |
dc.identifier.issn | 2666-5514 | |
dc.identifier.uri | https://hdl.handle.net/1814/72358 | |
dc.description | First published online: 4 September 2021 | en |
dc.description.abstract | MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are modest, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These low MPCs may be a consequence of the prevailing economic uncertainty. Significant fractions of respondents report they would use a windfall to pay down debt, or that they would change their transfer payments to or from family and friends. The latter means that the aggregate MPC out of a stimulus payment need not equal the population-average MPC. | en |
dc.format.mimetype | application/pdf | |
dc.language.iso | en | en |
dc.publisher | Elsevier | en |
dc.relation.ispartof | Journal of public economics plus | en |
dc.rights | info:eu-repo/semantics/openAccess | |
dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | |
dc.title | MPCs in an economic crisis : spending, saving and private transfers | en |
dc.type | Article | en |
dc.identifier.doi | 10.1016/j.pubecp.2021.100005 | |
dc.identifier.volume | 2 | |
dc.identifier.issue | 100005 | |
dc.rights.license | Attribution-NonCommercial-NoDerivatives 4.0 International | |