Observability and Social Interactions in Consumption
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Using a randomized survey experiment in the Italian Survey of Consumer Expectations, we study how observability and commonality shape responses to a 1,000 employer bonus. Making an idiosyncratic bonus observable to coworkers lowers the marginal propensity to consume by 3 percentage points.
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美国国家经济研究局创建时间:
2026-08-01



