The Resource Household debt and the dynamic effects of income tax changes, James Cloyne and Paolo Surico, (electronic resource)

Household debt and the dynamic effects of income tax changes, James Cloyne and Paolo Surico, (electronic resource)

Label
Household debt and the dynamic effects of income tax changes
Title
Household debt and the dynamic effects of income tax changes
Statement of responsibility
James Cloyne and Paolo Surico
Creator
Contributor
Author
Subject
Language
eng
Summary
Using a long span of expenditure survey data and a new narrative measure of exogenous income tax changes for the United Kingdom, we show that households with mortgage debt exhibit large and persistent consumption responses to tax changes. Home-owners without a mortgage, in contrast, do not appear to react, with responses not statistically different from zero at all horizons. Splitting the sample by age and education yields only limited evidence of heterogeneity as the distributions of these demographics tend to overlap across housing tenure groups. We interpret our findings through the lens of traditional and more recent theories of liquidity constraints, providing a novel interpretation for the aggregate effects of tax changes on the real economy
Member of
Cataloging source
GZM
http://library.link/vocab/creatorDate
-1759
http://library.link/vocab/creatorName
Stopford, James
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Surico, Paolo
  • Centre for Economic Policy Research (Great Britain)
Series statement
  • Discussion paper series,
  • International macroeconomics
Series volume
no. 9649
http://library.link/vocab/subjectName
  • Mortgage loans
  • Liquidity (Economics)
  • Consumption (Economics)
Label
Household debt and the dynamic effects of income tax changes, James Cloyne and Paolo Surico, (electronic resource)
Link
http://www.cepr.org.ezproxy.eui.eu/content/discussion-papers
Instantiates
Publication
Note
  • "September 2013."
  • "Submitted 09 September 2013."
Bibliography note
Includes bibliographical references (pages 55-58)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17469879
Extent
1 online resource (58 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
c
Other physical details
illustrations (some color)
Specific material designation
remote
System control number
(OCoLC)858452484
Label
Household debt and the dynamic effects of income tax changes, James Cloyne and Paolo Surico, (electronic resource)
Link
http://www.cepr.org.ezproxy.eui.eu/content/discussion-papers
Publication
Note
  • "September 2013."
  • "Submitted 09 September 2013."
Bibliography note
Includes bibliographical references (pages 55-58)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17469879
Extent
1 online resource (58 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
c
Other physical details
illustrations (some color)
Specific material designation
remote
System control number
(OCoLC)858452484

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