作者：Fagereng, Andreas; Holm, Martin B.; Natvik, Gisle J.
作者单位：BI Norwegian Business School; Statistics Norway; University of Oslo
摘要：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 propensities to consume (MPCs) vary with household characteristics and shock size. We find that spending peaks in the year of winning and gradually reverts to normal within five years. Controlling for all items on households' balance sheets and characteristics such as education and income, it is the amount won, age, and liquid a...
作者：Arkolakis, Costas; Ganapati, Sharat; Muendler, Marc-Andreas
作者单位：Yale University; Leibniz Association; Ifo Institut; National Bureau of Economic Research; Georgetown University; University of California System; University of California San Diego
摘要：To quantify trade frictions, we examine -multiproduct exporters. We build a flexible general-equilibrium model and estimate market entry costs using Brazilian firm-product-destination data under rich demand and market access cost shocks. Our estimates show that additional products farther from a firm's core competency come at higher production costs, but there are substantive economies of scope in market access costs. Market access costs differ across destinations, falling more rapidly in scop...
