Published in:Crawford School Research Paper ; No. 14-02
Extent:
1 Online-Ressource (34 p)
Language:
English
DOI:
10.2139/ssrn.2388482
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 30, 2013 erstellt
Description:
In 2009 the Australian government delivered approximately $8 billion in direct payments to households. These payments were pre- announced and randomly allocated to households based on postal codes over a 5-week period. We exploit this random allocation to estimate the causal response of households' non-durable consumption expenditures to a transitory, anticipated income increase. Our main findings are that: (i) non-durable consumption expenditures did not react significantly during or after the one-time, pre-announced transfer; (ii) there is a small, albeit statistically significant increase in non-durable consumption expenditures at the time of the announcement of the fiscal stimulus