dc.contributor.author | CROSSLEY, Thomas F. | |
dc.contributor.author | FISHER, Paul | |
dc.contributor.author | LEVELL, Peter | |
dc.contributor.author | LOW, Hamish | |
dc.date.accessioned | 2021-11-25T12:42:09Z | |
dc.date.available | 2021-11-25T12:42:09Z | |
dc.date.issued | 2021 | |
dc.identifier.uri | https://hdl.handle.net/1814/73109 | |
dc.description | Published online: 20 August, 2021 | |
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.description.sponsorship | Published online: 20 August, 2021 | en |
dc.format.mimetype | application/pdf | en |
dc.language.iso | en | en |
dc.publisher | Institute for Fiscal Studies | en |
dc.relation.ispartofseries | IFS Working Paper | en |
dc.relation.ispartofseries | 2021/26 | en |
dc.relation.isversionof | https://hdl.handle.net/1814/73110 | |
dc.relation.isversionof | https://hdl.handle.net/1814/73108 | |
dc.relation.uri | https://ifs.org.uk/publications/15583 | en |
dc.rights | info:eu-repo/semantics/openAccess | en |
dc.subject | Spending | en |
dc.subject | MPC | en |
dc.subject | Crowding out | en |
dc.subject | COVID-19 | en |
dc.title | MPCs in an economic crisis : spending, saving and private transfers | en |
dc.type | Working Paper | en |
dc.identifier.doi | 10.1920/wp.ifs.2021.2621 | |
eui.subscribe.skip | true | |