Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/119565
Authors: 
Banks, James
Blundell, Richard
Levell, Peter
Smith, James P.
Year of Publication: 
2015
Series/Report no.: 
IFS Working Papers W15/12
Abstract: 
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status, and out-of -pocket medical expenditures. Among all the potential explanations considered, we find that those to do with healthcare - differences in levels, age paths, and uncertainty in medical expenses - are the main factor accounting for the steeper declines in nondurable expenses in the US compared to the UK.
JEL: 
D10
D11
D12
D14
D91
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.