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How effective are universal payments for raising consumption? Evidence from a natural experiment

We investigate the impact of the universal stimulus payments (100–350 thousand KRW per person) distributed by the largest Korean province of Gyeonggi during the COVID-19 pandemic on household consumption using large-scale credit and debit card data from Korea Credit Bureau. As the neighboring Incheo...

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Detalles Bibliográficos
Autores principales: Baek, Seungjun, Kim, Seongeun, Rhee, Tae-hwan, Shin, Wonmun
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10041496/
https://www.ncbi.nlm.nih.gov/pubmed/37361952
http://dx.doi.org/10.1007/s00181-023-02410-0