| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28784 |
| 来源ID | Working Paper 28784 |
| Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles | |
| Mika Akesaka; Peter Eibich; Chie Hanaoka; Hitoshi Shigeoka | |
| 发表日期 | 2021-05-10 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | The poor live paycheck to paycheck and are repeatedly exposed to strong cyclical income fluctuations. We investigate whether such income fluctuations affect risk preference among the poor. If risk preference temporarily changes around payday, optimal decisions made before payday may no longer be optimal afterward, which could reinforce poverty. By exploiting Social Security payday cycles in the US, we find that risk preference among the poor relying heavily on Social Security changes around payday. Rather than cognitive decline before payday, the deterioration of mental health and relative deprivation may play a role. We find similar evidence among the Japanese elderly. |
| 主题 | Microeconomics ; Economics of Information ; Behavioral Economics ; Health, Education, and Welfare ; Poverty and Wellbeing |
| URL | https://www.nber.org/papers/w28784 |
| 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/586458 |
| 推荐引用方式 GB/T 7714 | Mika Akesaka,Peter Eibich,Chie Hanaoka,et al. Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles. 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 | ||
| w28784.pdf（1223KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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