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- W2318459506 abstract "MicroeconomicsEconomic theory predicts that when someone receives money should have little effect on their spending patterns. Gelman et al. constructed a data set of 60 million transactions made by 75,000 people to test this theory. People do seem to go on a mini–spending spree after they get their paychecks or pensions. However, closer inspection reveals that that's mostly explained by the convenience of linking regular payments, such as rent and utilities, to regular income. Unsurprisingly, cash-strapped people are more likely to increase their spending in response to receiving income.Science , this issue p. [212][1] [1]: /lookup/volpage/345/212?iss=6193" @default.
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- W2318459506 date "2014-07-10" @default.
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- W2318459506 title "Balancing your incomings and outgoings" @default.
- W2318459506 doi "https://doi.org/10.1126/science.345.6193.175-b" @default.
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