Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand
<jats:p> This paper evaluates the Car Allowance Rebate System (CARS ) by comparing the vehicle purchases and disposals of households with eligible “clunkers” to those of households with similar but ineligible vehicles. CARS caused roughly 500,000 purchases during the program period. The provis...
| Main Authors: | , , , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
American Economic Association
2021
|
| Online Access: | https://hdl.handle.net/1721.1/135267 |