Spending impact of COVID-19 stimulus payments: Evidence from card transaction data in South Korea

Spending impact of COVID-19 stimulus payments: Evidence from card transaction data in South Korea

Various countries have implemented transfer programs to individuals since the Covid-19 outbreaks. However, the extent to which such transfers alleviate economic recessions is unclear. This paper analyzes a South Korean program, which provided vouchers redeemable only at small local businesses. We fi...

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Bibliographic Details
Main Authors: KIM, KOH, Kanghyock, LYOU, Wonjun
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
Subjects:
COVID-19
stimulus payment
universal transfers
consumption
distortion
Asian Studies
Behavioral Economics
Public Health
Online Access:https://ink.library.smu.edu.sg/soe_research/2441
https://ink.library.smu.edu.sg/context/soe_research/article/3440/viewcontent/dp13567.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/2441
https://ink.library.smu.edu.sg/context/soe_research/article/3440/viewcontent/dp13567.pdf

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