'3rd of tha Month': Do Social Security Recipients Smooth Consumption Between Checks?
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https://www.nber.org/papers/w9135
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资源简介:
This paper examines the response of consumption expenditures to the monthly receipt of Social Security checks. Since the amount and arrival date of these checks are known to the recipients, the basic Life-Cycle/Permanent Income Hypothesis (LCPIH) predicts that consumption should not respond to the
提供机构:
美国国家经济研究局
创建时间:
2002-08-01



