| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28338 |
| 来源ID | Working Paper 28338 |
| Do Financial Concerns Make Workers Less Productive? | |
| Supreet Kaur; Sendhil Mullainathan; Suanna Oh; Frank Schilbach | |
| 发表日期 | 2021-01-18 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Workers who are worried about their personal finances may find it hard to focus at work. If so, reducing financial concerns could by itself increase productivity. We test this hypothesis in a sample of low-income Indian piece rate manufacturing workers. We stagger when wages are paid out: some workers are paid earlier and receive a cash infusion while others remain liquidity constrained. The cash infusion leads workers to reduce their financial concerns by immediately paying off debts and buying household essentials. Subsequently, they become more productive at work: their output increases by 7.1% (0.12 SDs), and they make fewer costly, unintentional mistakes. Workers with more cash-on-hand thus not only work faster but also more attentively, suggesting improved cognition. These effects are concentrated among more financially constrained workers. We argue that mechanisms such as gift exchange or nutrition cannot account for our results. Instead, our findings suggest that financial strain, at least partly through psychological channels, has the potential to reduce earnings exactly when money is most needed. |
| 主题 | Microeconomics ; Behavioral Economics ; Households and Firms ; Market Structure and Distribution ; Labor Economics ; Labor Supply and Demand ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w28338 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586011 |
| 推荐引用方式 GB/T 7714 | Supreet Kaur,Sendhil Mullainathan,Suanna Oh,et al. Do Financial Concerns Make Workers Less Productive?. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28338.pdf（848KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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