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Annika, Weber ; Johannes, Wohlfart ; Tobin, Hanspal. (2020) Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations.
In: CEBI working paper series. RePEc:kud:kucebi:2013.
Full description at Econpapers
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Figure A10: Effects of wealth and income shocks on expected spending Notes: This figure shows binned scatter plots of the association of shocks to the respondent’s household financial wealth and net income with expected growth of total nominal household spending in 2020 compared to 2019. The plots in the top row and in the bottom right are based on specification 2 shown in Table 3, which jointly includes shocks to income, retirement financial wealth and other financial wealth. The plot in the bottom left is based on a similar specification replacing the shocks to financial wealth in retirement accounts and in non-retirement accounts with the shock to overall financial wealth. The outcome is expected household spending growth in dollars, trimmed at the 2nd and 98th percentiles.
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