Replication data for: Poverty and Economic Decision-Making: Evidence from Changes in Financial Resources at Payday

Principal Investigator(s): View help for Principal Investigator(s) Leandro S. Carvalho; Stephan Meier; Stephanie W. Wang

Version: View help for Version V1

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data			12/06/2019 05:04:PM
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README.pdf	application/pdf	6.7 KB	12/06/2019 12:04:PM

Project Description

Summary: We study the effect of financial resources on decision-making. Low-income US households are randomly assigned to receive an online survey before or after payday. The survey collects measures of cognitive function and administers risk and intertemporal choice tasks. The study design generates variation in cash, checking and savings balances, and expenditures. Before-payday participants behave as if they are more present-biased when making intertemporal choices about monetary rewards but not when making intertemporal choices about nonmonetary real-effort tasks. Nor do we find before-after differences in risk-taking, the quality of decision-making, the performance in cognitive function tasks, or in heuristic judgments. (JEL C83, D14, D81, D91, I32)

Scope of Project

JEL Classification:
      C83 Survey Methods; Sampling Methods
      D14 Household Saving; Personal Finance
      D81 Criteria for Decision-Making under Risk and Uncertainty
      D15 Intertemporal Household Choice; Life Cycle Models and Saving
      I32 Measurement and Analysis of Poverty

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Published Versions

V1 [2019-12-06]

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