Understanding Consumption Behavior: Evidence from Consumers' Reaction to Shopping Vouchers
Kamhon Kan (),
Shin-Kun Peng () and
Ping Wang ()
American Economic Journal: Economic Policy, 2017, vol. 9, issue 1, 137-53
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.
JEL-codes: D12 E21 E62 (search for similar items in EconPapers)
Note: DOI: 10.1257/pol.20130426
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
https://www.aeaweb.org/articles/attachments?retrie ... ReT0eHQS5jVXUpFvqgV5 (application/zip)
https://www.aeaweb.org/articles/attachments?retrie ... aBjGB6LVQGN7vr7-68n- (application/pdf)
https://www.aeaweb.org/articles/attachments?retrie ... wnaKhIqHCCgSsuUZ_psY (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:aea:aejpol:v:9:y:2017:i:1:p:137-53
Ordering information: This journal article can be ordered from
Access Statistics for this article
American Economic Journal: Economic Policy is currently edited by Matthew Shapiro
More articles in American Economic Journal: Economic Policy from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().