A Penny Saved: Prices and the Timing of Paycheck Receipt
| dc.creator | Beatty, Timothy K.M. | |
| dc.date | 2017-04-01T20:19:27Z | |
| dc.date.accessioned | 2026-07-09T05:09:42Z | |
| dc.description | This paper explores a puzzling empirical regularity: households pay less for foods as the time since receipt of their last paycheck increases. I leverage randomization with regard to paycheck timing to causally identify the effect of time since paycheck receipt on prices. Estimates of the decline in prices range between 5% and 6% percent, over the course of a month. I investigate several potential explanations for this behavior, including credit constraints and stockpiling. I find evidence that the effect is driven by low-income households and exacerbated by stockpiling behavior. | |
| dc.identifier | doi:10.22004/ag.econ.61008 | |
| dc.identifier | https://ageconsearch.umn.edu/record/61008/files/pennysaved_aaea.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/61008 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/559856 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/61008 | |
| dc.title | A Penny Saved: Prices and the Timing of Paycheck Receipt | |
| dc.type | Text |