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Household Response to the 2008 Tax Rebate : Survey Evidence and Aggregate Implications

Sahm, Claudia R. - 2009

help explain the aggregate movements in saving, spending, and debt in 2008. Because the rebate was large and distributed …

Persistent link: https://www.econbiz.de/10012463228

Optimal Life-Cycle Investing with Flexible Labor Supply : A Welfare Analysis of Life-Cycle Funds

Gomes, Francisco J. - 2008

We investigate optimal consumption, asset accumulation and portfolio decisions in a realistically calibrated life …

Persistent link: https://www.econbiz.de/10012464683

The Impact on Consumption and Saving of Current and Future Fiscal Policies

Carman, Katherine Grace - 2003

alternative fiscal policies on current consumption and saving. Studies to date have examined the response of current consumption … consumption smoothing is actually feasible. ESPlanner's saving and life insurance recommendations generate the smoothest possible … consumption/saving of low-income households for the simple reason their income tax liabilities are relatively small. And social …

Persistent link: https://www.econbiz.de/10012468609

Psychosocial Constraints, Impact Heterogeneity and Spillovers in a Multifaceted Graduation Program in Kenya

Zheng, Geyi; Carter, Michael R.; Jensen, Nathaniel D.; … - National Bureau of Economic Research - 2023

Poverty reduction programs modeled on BRAC's graduation approach build up both tangible productive assets and intangible psychosocial assets such as self-confidence and the aspiration for upward mobility. The goal of this paper is to better understand how psychosocial factors operate and shape...

Persistent link: https://www.econbiz.de/10014337844

Managing Mental Accounts : Payment Cards and Consumption Expenditures

Gelman, Michael; Roussanov, Nikolai - National Bureau of Economic Research - 2023

Does mental accounting matter for total consumption expenditures? We exploit a unique setting in which individuals … individuals temporarily increase total consumption expenditure by making purchases with the new card without reducing spending on … the others. We do not observe a corresponding increase in indebtedness. Total consumption expenditure rises even for the …

Persistent link: https://www.econbiz.de/10014337846

How People Use Statistics

Bordalo, Pedro; Conlon, John; Gennaioli, Nicola; Kwon, … - National Bureau of Economic Research - 2023

We document two new facts about the distributions of answers in famous statistical problems: they are i) multi-modal and ii) unstable with respect to irrelevant changes in the problem. We offer a model in which, when solving a problem, people represent each hypothesis by attending "bottom up" to...

Persistent link: https://www.econbiz.de/10014337863

To Go Electric or To Burn Coal? A Randomized Field Experiment of Informational Nudges

Fang, Hanming; Li, King King; Shen, Peiyao - National Bureau of Economic Research - 2023

Coal heating in residential homes is an important source of indoor air pollution, leading to detrimental health effects. We conduct a randomized field experiment in northern China using three types of SMS campaigns targeting three potential biases that may hinder the adoption of electric...

Persistent link: https://www.econbiz.de/10014436972

Forecasting the Impact of Racial Uprisings, Market versus Stakeholders' Expectations

Ba, Bocar A.; Rivera, Roman; Whitefield, Alexander - National Bureau of Economic Research - 2023

Given police abolitionism's new visibility after the 2020 racial justice protests, we assess stakeholder beliefs on the protests' stock impacts on police-affiliated firms. Experts generally underestimate the firms' stock gains, except situated experts like community organizers and police...

Persistent link: https://www.econbiz.de/10014436988

A Model of Behavioral Manipulation

Acemoglu, Daron; Makhdoumi, Ali; Malekian, Azarakhsh; … - National Bureau of Economic Research - 2023

We build a model of online behavioral manipulation driven by AI advances. A platform dynamically offers one of n products to a user who slowly learns product quality. User learning depends on a product's "glossiness,' which captures attributes that make products appear more attractive than they...

Persistent link: https://www.econbiz.de/10014437003

The Importance of a Helping Hand in Education and in Life

Gallego, Francisco A.; Oreopoulos, Philip; Spencer, Noah - National Bureau of Economic Research - 2023

This paper discusses the importance of incorporating personal assistance into interventions aimed at improving long-term education and labor market success. While existing research demonstrates the cost-effectiveness of low-touch behavioral nudges, this paper argues that the dynamic nature of...

Persistent link: https://www.econbiz.de/10014372463