کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
969070 1479475 2010 7 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Did Japan's shopping coupon program increase spending?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Did Japan's shopping coupon program increase spending?
چکیده انگلیسی

In March 1999, 31 million “shopping coupons” worth 20,000 yen each were distributed to Japanese families with children and to the elderly. The coupons expired after six months and could only be used within the recipient's local community. We use variation in the number of children across families and in the number of recipients across prefectures to measure the effect of the coupons on spending. We find that coupons had a positive effect on spending on semi-durables, but no effect on spending on nondurables or services. The marginal propensity to consume on semi-durables was 0.1–0.2 when the coupons were distributed in March. The results using regional variation provide stronger evidence that spending did not fall after the coupons had been redeemed.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Public Economics - Volume 94, Issues 7–8, August 2010, Pages 523–529
نویسندگان
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