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Project Description

Summary:  View help for Summary This paper advances our understanding of consumption behavior using the 2009 Taiwan Shopping Voucher Program. This program was universal and well publicized, and its payment to each individual was medium-sized. Based on survey data, it is found that the marginal propensity to consume is about one quarter, which is comparable to findings obtained by previous studies on consumers'response to fiscal stimulus payments. Further, vendors' discounts for voucher users played a significant role in boosting the effectiveness of the program.

Scope of Project

Subject Terms:  View help for Subject Terms [MPC, consumption behavior, stimulus, shopping vouchers]
JEL Classification:  View help for JEL Classification
      D12 Consumer Economics: Empirical Analysis
      E21 Macroeconomics: Consumption; Saving; Wealth
      E62 Fiscal Policy
Geographic Coverage:  View help for Geographic Coverage Taiwan
Data Type(s):  View help for Data Type(s) [survey data, observational data]
Collection Notes:  View help for Collection Notes Telephone interviews

Methodology

Data Source:  View help for Data Source Survey
Unit(s) of Observation:  View help for Unit(s) of Observation individual,

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