The Marginal Propensity to Consume During the COVID-19 Pandemic: Evidence from Thailand and Vietnam

In evaluating surveys conducted in Thailand and Vietnam during the COVID-19 pandemic, we find that the marginal propensity to consume is significantly larger for positive than for negative income shocks. This result contradicts a prediction from the lifecycle permanent income model with borrowing co...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 07-2022)
Main Authors:	Bui, Dzung, Dräger, Lena, Hayo, Bernd, Nghiem, Giang
Format:	Article
Language:	English
Published:	Philipps-Universität Marburg 2022
Subjects:	Thailand Marginal propensity to consume (MPC) Unanticipated income shocks; COVID-19 Wirtschaft Vietnam. Economics
Online Access:	PDF Full Text
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