Utilizing transaction-level financial data, we explore how household consumption
responded to the onset of the COVID-19 pandemic. As case numbers grew and cities and …

The growth of the availability and use of detailed household financial transaction micro data
has dramatically expanded the ability of researchers to understand both household decision …

We use sizable lottery prizes in Norwegian administrative panel data to explore how
transitory income shocks are spent and saved over time and how households' marginal …

We investigate the transmission of monetary policy to household consumption using
administrative data on the universe of households in Norway. On the basis of identified …

This paper employs Swedish data on households' stock holdings to investigate how
consumption responds to changes in stock market returns. We instrument the actual capital …

Using detailed account‐level data, this paper explores how financial sophistication affects
consumers' spending responses to changes in income. I document that, controlling for …

Household finance surveys are now common in many countries. However, the validity of the
self-reported financial information is still understudied, especially for complex choices. Using …

We document heterogeneity in the marginal propensity to consume (MPC) across
household characteristics relevant to understanding heterogeneous agent models and …

This paper studies why investors buy dividend-paying assets and how they time
consumption accordingly. We combine administrative bank data linking customers' …

Using individual credit bureau data matched with cash windfalls from fracking, we estimate
that windfall recipients reduce debt-to-income by 2.4 percentage points relative to no …