TY  - RPRT
        AU  - Woo, Seokjin
AU  - Aum, Sangmin
AU  - Kim, Dohyung
AU  - Moon, Heyjin
AU  - Lee, Soohyung
        TI  - Consumption Response to Seoul's COVID-19 Shopping Coupons: Evidence from Consumer Data
        PY  - 2021/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 14662
        UR  - https://www.iza.org/index.php/publications/dp14662
        AB  - 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.
        KW  - COVID-19
KW  - stimulus payment
KW  - consumption
        ER  -