Why Don't Households Smooth Consumption? Evidence from a 25 Million Dollar Experiment
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This paper evaluates theoretical explanations for the propensity of households to increase spending in response to the arrival of predictable, lump-sum payments, using households in the Nielsen Consumer Panel who received 25 million in randomly-distributed stimulus payments. The pattern of spending
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美国国家经济研究局创建时间：
2015-07-01
