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Did the 2001 Tax Rebate Stimulate Spending? Evidence from Taxpayer Surveys

In: Tax Policy and the Economy, Volume 17

  • Matthew D. Shapiro
  • Joel Slemrod

In 2001, many households received rebate checks as advanced payments of the benefit of the new, 10 percent federal income tax bracket. A survey conducted at the time the rebates were mailed finds that few households said that the rebate led them mostly to increase spending. A follow-up survey in 2002, as well as a similar survey conducted after the attacks of 9/11, also indicates low spending rates. This paper investigates the robustness of these survey responses and assesses whether such surveys are useful for policy evaluation. It also draws lessons from the surveys for macroeconomic analysis of the tax rebate.

(This abstract was borrowed from another version of this item.)

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This chapter was published in:
  • James Poterba, 2003. "Tax Policy and the Economy, Volume 17," NBER Books, National Bureau of Economic Research, Inc, number pote03-1, August.
  • This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 11535.
    Handle: RePEc:nbr:nberch:11535
    Contact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
    Phone: 617-868-3900
    Web page: http://www.nber.org
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    1. Parcell, Ann D., 1999. "Challenges and Uncertainties in Forecasting Federal Individual Income Tax Receipts," National Tax Journal, National Tax Association, vol. 52(n. 3), pages 325-38, September.
    2. Matthew D. Shapiro & Joel Slemrod, 1993. "Consumer Response to the Timing of Income: Evidence from a Change in Tax Withholding," NBER Working Papers 4344, National Bureau of Economic Research, Inc.
    3. Matthew D. Shapiro & Joel Slemrod, 2003. "Consumer Response to Tax Rebates," American Economic Review, American Economic Association, vol. 93(1), pages 381-396, March.
    4. Alan S. Blinder, 1978. "Temporary Income Taxes and Consumer Spending," NBER Working Papers 0283, National Bureau of Economic Research, Inc.
    5. William G. Gale & John Sabelhaus, 1999. "Perspectives on the Household Saving Rate," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 30(1), pages 181-224.
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