Heterogeneity in Intra-Monthly Consumption Patterns, Self-Control, and Savings at Retirement

Giovanni Mastrobuoni () and Matthew Weinberg ()

No 36, Carlo Alberto Notebooks from Collegio Carlo Alberto

Abstract: Using data from the Continuing Survey of Food Intake by Individuals, this pa- per describes the shape of consumption profiles over the month for Social Security benefit recipients. Individuals with income mostly made up of Social Security ben- efits and who have some savings smooth consumption over the pay period, while individuals with little savings consume 25 percent fewer calories the week before checks are received relative to the week after checks are received. The findings for individuals with little savings are inconsistent with the Permanent Income/Lifecycle Hypothesis, but are consistent with hyperbolic discounting.

Keywords: hyperbolic consumption; caloric consumption; paychecks; Continuing Survey of Food Intake by Individuals. (search for similar items in EconPapers)
JEL-codes: D01 D12 D91 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Heterogeneity in Intra-monthly Consumption Patterns, Self-Control, and Savings at Retirement (2009)
Working Paper: Heterogeneity in Intra-Monthly Consumption. Patterns, Self-Control, and Savings at Retirement (2007)
Working Paper: Heterogeneity in Intra-Monthly Consumption Patterns, Self-Control, and Savings at Retirement (2007)
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