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Observability and Social Interactions in Consumption

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NBER2026-08-01 更新2026-08-14 收录
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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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2026-08-01
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