Nicholas S Souleles

Biographic Data

ID5869242
NAMENicholas S Souleles
GIVEN NAMESNicholas S
FAMILY NAMESouleles
SIGNATURESOULELES N S
AFFILIATIONSUniversity of Pennsylvania
VERIFIEDNo
TOTAL WORKS4
TOTAL CITATIONS13
AUTHOR COUNT4
EDITOR COUNT0
FIRST PUBLICATION YEAR1998
LATEST PUBLICATION YEAR2013
H-INDEX1

  • Consumer Spending and the Economic Stimulus Payments of 2008

    Open AccessJonathan A Parker, Nicholas S Souleles et al.ARTICLEAmerican Economic Review2013

    We measure the change in household spending caused by receipt of the economic stimulus payments of 2008, using questions added to the Consumer Expenditure Survey and variation from the randomized timing of disbursement. Households spent 12–30 percent (depending on specification) of their payments on nondurable goods during the three-month period of payment receipt, and a significant amount more on durable goods, primarily vehicles, bringing the t…

  • The Reaction of Consumer Spending and Debt to Tax Rebates—Evidence from Consumer Credit Data

    Sumit Agarwal, Chunlin Liu et al.ARTICLEJournal of Political Economy2007Cited by: 13References: 4

    We use a new panel data set of credit card accounts to analyze how consumers responded to the 2001 federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that, on average, consumers initially saved some of the rebate, by increasing their credit card payments and thereby paying down debt. But soon afterward their spending…

  • Household Expenditure and the Income Tax Rebates of 2001

    David Johnson, David S Johnson et al.ARTICLEAmerican Economic Review2006

    Using questions expressly added to the Consumer Expenditure Survey, we estimate the change in consumption expenditures caused by the 2001 federal income tax rebates and test the permanent income hypothesis. We exploit the unique, randomized timing of rebate receipt across households. Households spent 20 to 40 percent of their rebates on nondurable goods during the three-month period in which their rebates arrived, and roughly two-thirds of their …

  • Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources

    Tullio Jappelli, Jorn‐steffen Pischke et al.ARTICLEThe Review of Economics and…1998

    Previous tests for liquidity constraints using consumption Euler equations have frequently split the sample on the basis of wealth, arguing that low-wealth consumers are more likely to be constrained. We propose alternative tests using different and more direct information on borrowing constraints obtained from the 1983 Survey of Consumer Finances. In a first stage we estimate probabilities of being constrained, which are then utilized in a secon…