How malleable is alcohol consumption? Specifically, how much is alcohol consumption driven by the current environment versus individual characteristics? To answer this question, we analyze changes in alcohol purchases when consumers move from one state to another in the United States. We find...

This paper studies credit card repayment behavior in terms of exact repayment dates and provides causal explanation from inattention for the first time. Using data from a large commercial bank in Asia, we find that 70% of repayments are made before the due date, 9% on time, and 21% overdue. We...

With the widespread growth of online commerce, we observe an increasing amount of refunds on purchases. Do these refunds affect consumption differently than regular income such as salaries? This paper uses transaction-level data from a bank to examine the marginal propensity to consume (MPC) of...