Description
Handbook of U.S. Consumer Economics presents a deep understanding on key, current topics and a primer on the landscape of contemporary research on the U.S. consumer. This volume reveals new insights into household decision-making on consumption and saving, borrowing and investing, portfolio allocation, demand of professional advice, and retirement choices. Nearly 70% of U.S. gross domestic product is devoted to consumption, making an understanding of the consumer a first order issue in macroeconomics. After all, understanding how households played an important role in the boom and bust cycle that led to the financial crisis and recent great recession is a key metric.- Introduces household finance by examining consumption and borrowing choices- Tackles macro-problems by observing new, original micro-data- Looks into the future of consumer spending by using data, not questionnaires
Table of Contents
1. Empirical Analysis of the U.S. Consumer: Fact, Fiction, and the FutureBenjamin Mandel2. Trends in Household Debt and CreditAndrew Haughwout, Donghoon Lee, Joelle Scally, Lauren Thomas and Wilbert van der Klaauw3. Trends in Household Portfolio CompositionJesse Bricker, Kevin B. Moore and Jeffrey Pierce Thompson4. Household Debt and Recession in BrazilGabriel Garber, Atif Mian, Jacopo Ponticelli and Amir Sufi5. Rationality in the Consumer Credit Market: Choosing between Alternative and Mainstream CreditSumit Agarwal and Marieke Bos6. How do consumers respond to real income shocks?Fiona Greig and Amar Hamoudi7. Spending To and Through RetirementKatherine Roy, Je Oh, Sharon Carson and Joseph Marlo8. Are millennials different? Christopher Kurz, Geng Li and Daniel J. Vine9. China's Consumer Spending E-Commerce: Facts and Evidence from JD's Festival Online SalesWei Tian, Yang Yang and Miaojie Yu10. Consumer Expectations and the MacroeconomyGiorgio Topa11. Macro Forecasting Using Alternative DataApurv Jain12. Regional price parities in the United StatesBettina Aten13. Measuring Prices and Real Household Consumption of Medical Goods: Service based versus disease based approachesRalph Bradley and Brett Matsumoto14. A Brief History of the Supplemental Poverty MeasureThesia Garner and Liana Fox
