Explaining Consumption Excess Sensitivity with Near-Rationality: Evidence from Large Predetermined Payments
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https://www.nber.org/papers/w21772
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资源简介：
Using new transaction data I find that consumption is excessively sensitive to salient, predetermined, large and regular payments from the Alaska Permanent Fund, with a large average marginal propensity to consume (MPC) of 30% for nondurables and services. This excess sensitivity is very
提供机构：
美国国家经济研究局
创建时间：
2015-12-01
