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

Giovanni Mastrobuoni () and Matthew Weinberg ()

No 57, CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy)

Abstract: Using data from the Continuing Survey of Food Intake by Individuals, this paper describes the shape of consumption profiles over the month for Social Security benefit recipients. Individuals with income mostly made up of Social Security benefits 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: 38 pages
Date: 2007-02
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cerp.carloalberto.org/wp-content/uploads/2008/12/wp_57.pdf?f6fa34 (application/pdf)

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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:crp:wpaper:57

Access Statistics for this paper

More papers in CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy) Contact information at EDIRC.
Bibliographic data for series maintained by Silvia Maero ().