Consumption Network Effects

消费网络效应

• 批准号: 1458536
• 负责人: Luigi Pistaferri
• 金额: $ 24.68万
• 依托单位: Stanford University
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2015
• 资助国家: 美国
• 起止时间: 2015-06-01 至 2019-05-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=1458536&HistoricalAwards=false
• 关键词: Consumption; Network; Effects

Do peer pressures change the way we consume and save? This project plans to use large scale administrative data for the population of Denmark, coupled with consumption survey data, to study the importance of social influences on household spending. Our goal is to quantify the importance of consumption network effects, and to understand the importance of heterogeneity, the economic mechanism underlying our estimates, and its aggregate implications.We consider three possible mechanisms for the presence of consumption network effects: "keeping-up-with-the-Joneses", conspicuous consumption, and risk sharing. We propose empirical tests that allow us to distinguish between these three different mechanisms. We use our estimates to simulate the aggregate impact of fiscal policies in the presence of consumption social multipliers. The model is identified using the structure of networks formed by co-workers and spouses.

同辈压力会改变我们消费和储蓄的方式吗？该项目计划利用丹麦人口的大规模行政数据，加上消费调查数据，研究社会影响对家庭支出的重要性。我们的目标是量化消费网络效应的重要性，并了解异质性的重要性，我们的估计背后的经济机制及其总体含义。我们考虑了消费网络效应存在的三种可能机制：“攀比”、炫耀性消费和风险分担。我们提出经验检验，使我们能够区分这三种不同的机制。我们使用我们的估计来模拟消费社会乘数存在时财政政策的总体影响。该模型是通过同事和配偶形成的网络结构来确定的。