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

Giovanni Mastrobuoni () and Matthew Weinberg
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Matthew Weinberg: University of Georgia

No 65, Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies.

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: Continuing Survey of Food Intake; United States (search for similar items in EconPapers)
JEL-codes: D14 E21 J26 (search for similar items in EconPapers)
Date: 2007-01
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https://gceps.princeton.edu/wp-content/uploads/2017/01/137mastrobuoni.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)
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Persistent link: https://EconPapers.repec.org/RePEc:pri:cepsud:137

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