%0 Report
        %A Woo, Seokjin
%A Aum, Sangmin
%A Kim, Dohyung
%A Moon, Heyjin
%A Lee, Soohyung
        %T Consumption Response to Seoul's COVID-19 Shopping Coupons: Evidence from Consumer Data
        %D 2021
        %8 2021 Aug
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 14662
        %U https://www.iza.org/index.php/publications/dp14662
        %X This study measures the extent to which Seoul's COVID-19 shopping coupon program affects individuals' consumption. Unlike other COVID-19-related transfer programs, the Seoul Metropolitan government provides consumption coupons depending on income. We quantify the causal effect of Seoul's program by comparing eligible and ineligible groups using a difference-in-differences method. We find that the program increased consumption by 18% while it was ongoing and by 6% afterward. We find substantial heterogeneity in the treatment effects concerning recipients' income and consumption categories.
        %K COVID-19
%K stimulus payment
%K consumption