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Spend as you were told: Evidence from labeled COVID-19 stimulus payments in South Korea()
We test the income fungibility assumption from standard economic theory by analyzing spending responses to South Korea’s labeled COVID-19 stimulus payments. We exploit unique policy rules for identification: (1) recipients cannot use payments outside their province of residence, and (2) they can onl...
| Autores principales: | , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Elsevier B.V.
2023
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10036312/ https://www.ncbi.nlm.nih.gov/pubmed/36994112 http://dx.doi.org/10.1016/j.jpubeco.2023.104867 |