Consumption Response to Seoul's COVID-19 Shopping Coupons: Evidence from Consumer Data

被引：4

作者：

Woo, Seokjin ^{[1
]}

Aum, Sangmin ^{[2
]}

Kim, Dohyung ^{[1
]}

Moon, Heyjin ^{[3
]}

Lee, Soohyung ^{[4
,5
]}

机构：

[1] Myongji Univ, Dept Econ, Seoul, South Korea

[2] Kyung Hee Univ, Dept Econ, Seoul, South Korea

[3] Seoul Welf Fdn, Policy Res Dept, Seoul, South Korea

[4] Seoul Natl Univ, Grad Sch Int Studies, Global Lab Org, Seoul, South Korea

[5] IZA, Bonn, Germany

来源：

KOREAN ECONOMIC REVIEW | 2022年 / 38卷 / 02期

基金：

新加坡国家研究基金会;

关键词：

COVID-19; Stimulus Payment; Consumption;

D O I：

10.22841/kerdoi.2022.38.2.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study measures the extent to which Seoul's COVID-19 shopping coupon program affects individuals' consumption. Unlike other COVID-19-related transfer programs, the Seoul Metropolitan government provides consumption coupons depending on income. We quantify the causal effect of Seoul's program by comparing eligible and ineligible groups using a difference-in -differences method. We find that the program increased consumption by 18% while it was ongoing and by 6% afterward. We find substantial heterogeneity in the treatment effects concerning recipients' income and consumption categories.

引用

页码：231 / 250

页数：20

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