The DOI matches its Crossref record; 40 of the 40 references it cites were found in a registry or an index.
Household Expenditure and the Income Tax Rebates of 2001
Abstract
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 rebates cumulatively during this period and the subsequent three-month period. The implied effects on aggregate consumption demand are substantial. Consistent with liquidity constraints, responses are larger for households with low liquid wealth or low income.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Journal of economic literature
Armstrong, J. S. (1996) · International Journal of Forecasting · doi:10.1016/0169-2070(96)88197-0 · Cited by 9,923
Moffitt, R. A. (2009) · American Economic Review · doi:10.1257/aer.99.2.660 · Cited by 4,694
Implications of rational inattention
Sims, C. A. (2003) · Journal of Monetary Economics · doi:10.1016/s0304-3932(03)00029-1 · Cited by 3,822
Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence
Hall, R. E. (1978) · Journal of Political Economy · doi:10.1086/260724 · Cited by 3,573
The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks
Romer, C. D., & Romer, D. H. (2010) · American Economic Review · doi:10.1257/aer.100.3.763 · Cited by 2,091
Consumption and Liquidity Constraints: An Empirical Investigation
Zeldes, S. P. (1989) · Journal of Political Economy · doi:10.1086/261605 · Cited by 1,931
The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence
Carroll, C. D., Hall, R. E., & Zeldes, S. P. (1992) · Brookings Papers on Economic Activity · doi:10.2307/2534582 · Cited by 1,059
The Hyperbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation
Angeletos, G.-M., Laibson, D., Repetto, A., Tobacman, J., & Weinberg, S. (2001) · Journal of Economic Perspectives · doi:10.1257/jep.15.3.47 · Cited by 1,000
Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence
Zeldes, S. P. (1989) · The Quarterly Journal of Economics · doi:10.2307/2937848 · Cited by 902
Gross, D. B., & Souleles, N. S. (2002) · The Quarterly Journal of Economics · doi:10.1162/003355302753399472 · Cited by 867
Self-citation
Research works printed but not linked: 11
- 10.17310/ntj.2002.3.02 · doi:10.17310/ntj.2002.3.02
- 10.1086/259073 · doi:10.1086/259073
- 10.2307/2534444 · doi:10.2307/2534444
- Bodkin Ronald G, 1959, American Economic Review, 49, 602
- 10.2307/2077849 · doi:10.2307/2077849
- 10.17310/ntj.2002.1.06 · doi:10.17310/ntj.2002.1.06
- Kreinin Mordechai E, 1961, American Economic Review, 51, 388
- 10.2307/1392101 · doi:10.2307/1392101
- 10.2307/2534259 · doi:10.2307/2534259
- Poterba James M, 1988, American Economic Review (Papers and Proceedings), 78, 413
- Shea John, 1995, American Economic Review, 85, 186
Cited by
Revisiting Event-Study Designs: Robust and Efficient Estimation
Borusyak, K., Jaravel, X., & Spiess, J. (2024) · Review of Economic Studies · doi:10.1093/restud/rdae007 · Cited by 2,280
Understanding the Effects of Government Spending on Consumption
Galí, J., López-Salido, J. D., & Vallés, J. (2007) · Journal of the European Economic Association · doi:10.1162/jeea.2007.5.1.227 · Cited by 1,922
Monetary Policy and the Redistribution Channel
Auclert, A. (2019) · American Economic Review · doi:10.1257/aer.20160137 · Cited by 773
The Consumption Response to Income Changes
Jappelli, T., & Pistaferri, L. (2010) · Annual Review of Economics · doi:10.1146/annurev.economics.050708.142933 · Cited by 704
Revisiting event study designs: robust and efficient estimation
(2022) · arXiv (preprint) · doi:10.47004/wp.cem.2022.1122 · Cited by 607
Metadata
- Authors
- Johnson, D. S., Parker, J. A., & Souleles, N. S.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2006-11-01
- Volume
- 96
- Issue
- 5
- Pages
- 1589-1610
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3121865082
- Cited by
- 936
- References
- 40
- FWCI
- 58.93
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Household Expenditure and the Income Tax Rebates of 2001. https://app.cochat.ai/papers/10.1257/aer.96.5.1589
- The paper
- Johnson, D. S., Parker, J. A., & Souleles, N. S. (2006). Household Expenditure and the Income Tax Rebates of 2001. American Economic Review. https://doi.org/10.1257/aer.96.5.1589
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.