Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/119565 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
IFS Working Papers No. W15/12
Verlag: 
Institute for Fiscal Studies (IFS), London
Zusammenfassung: 
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 der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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