TY  - JOUR
AU  - Shapiro,Matthew D.
AU  - Slemrod,Joel
TI  - Did the 2001 Tax Rebate Stimulate Spending? Evidence from Taxpayer Surveys
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9308
PY  - 2002
Y2  - November 2002
UR  - http://www.nber.org/papers/w9308
L1  - http://www.nber.org/papers/w9308.pdf
N1  - Author contact info:
Matthew D. Shapiro
Department of Economics
University of Michigan
611 Tappan St
Ann Arbor, MI 48109-1220
Tel: 734/764-5419
Fax: 734 764-2769
E-Mail: shapiro@umich.edu

Joel Slemrod
University of Michigan Business School
701 Tappan Street
Room R5396
Ann Arbor, MI  48109-1234
Tel: 734/936-3914
Fax: 734-615-4323
E-Mail: jslemrod@umich.edu
M1  - published as Matthew D. Shapiro, Joel Slemrod. "Did the 2001 Tax Rebate Stimulate Spending? Evidence from Taxpayer Surveys," in James M. Poterba, editor, "Tax Policy and the Economy, Volume 17" MIT Press (2003)

AB  - 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.
ER  -