| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
A Penny Saved: Prices and the Timing of Paycheck Receipt
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| Autores: |
Beatty, Timothy K.M.
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| Data: |
2010-04-29
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| Ano: |
2010
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| Palavras-chave: |
Unit Values
Paycheck Timing
Permanent Income Hypothesis
Consumer/Household Economics
D91
E21
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| Resumo: |
This paper explores a puzzling empirical regularity: households pay less for foods as the time since receipt of their last paycheck increases. I leverage randomization with regard to paycheck timing to causally identify the effect of time since paycheck receipt on prices. Estimates of the decline in prices range between 5% and 6% percent, over the course of a month. I investigate several potential explanations for this behavior, including credit constraints and stockpiling. I find evidence that the effect is driven by low-income households and exacerbated by stockpiling behavior.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/61008
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| Relação: |
Agricultural and Applied Economics Association>2010 Annual Meeting, July 25-27, 2010, Denver, Colorado
Selected Paper
11254
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| Formato: |
23
|
