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- W4313509022 endingPage "110944" @default.
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- W4313509022 abstract "Private transfers can affect the spending response to stimulus payments, as those receiving income windfalls may transfer resources to other households in greater financial need. We report a survey experiment where individuals were asked how they would respond to a £500 payment, with a randomly selected subset of individuals explicitly told that all households would receive the same payments (a ‘public windfall’ scenario). This additional information increased MPCs by 11%. Reported transfer intentions in response to windfalls suggest that public payments crowd out private transfers, partly accounting for the higher MPCs in the public windfall case." @default.
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- W4313509022 date "2023-01-01" @default.
- W4313509022 modified "2023-09-26" @default.
- W4313509022 title "Stimulus payments and private transfers" @default.
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- W4313509022 doi "https://doi.org/10.1016/j.econlet.2022.110944" @default.
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