'3rd of tha Month': Do Social Security Recipients Smooth Consumption Between Checks?
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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
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美国国家经济研究局创建时间：
2002-08-01
