Late Payments, Liquidity Constraints and the Mismatch between Due Dates and Paydays
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- George Loewenstein & Ted O'Donoghue & Matthew Rabin, 2003.
"Projection Bias in Predicting Future Utility,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(4), pages 1209-1248.
- Loewenstein, George & O'Donoghue, Ted & Rabin, Matthew, 2000. "Projection Bias in Predicting Future Utility," Department of Economics, Working Paper Series qt5qh6142m, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- George Loewenstein & Ted O'Donoghue & Matthew Rabin, 2001. "Projection Bias in Predicting Future Utility," General Economics and Teaching 0012003, University Library of Munich, Germany.
- Loewenstein, George & O'Donoghue, Ted & Rabin, Matthew, 2002. "Projection Bias in Predicting Future Utility," Working Papers 02-11, Cornell University, Center for Analytic Economics.
- George Loewenstein, Ted O'Donoghue and Matthew Rabin., 2000. "Projection Bias in Predicting Future Utility," Economics Working Papers E00-284, University of California at Berkeley.
- Abhijit V. Banerjee & Andrew F. Newman, 1991.
"Risk-Bearing and the Theory of Income Distribution,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 211-235.
- Abhijit Banerjee & Andrew F. Newman, 1989. "Risk-Bearing and the Theory of Income Distribution," Discussion Papers 877, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Raj Chetty & Adam Szeidl, 2007.
"Consumption Commitments and Risk Preferences,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(2), pages 831-877.
- Raj Chetty & Adam Szeidl, 2006. "Consumption Commitments and Risk Preferences," NBER Working Papers 12467, National Bureau of Economic Research, Inc.
- Gelman, Michael & Kariv, Shachar & Shapiro, Matthew D. & Silverman, Dan & Tadelis, Steven, 2020.
"How individuals respond to a liquidity shock: Evidence from the 2013 government shutdown,"
Journal of Public Economics, Elsevier, vol. 189(C).
- Michael Gelman & Shachar Kariv & Matthew D. Shapiro & Dan Silverman & Steven Tadelis, 2015. "How Individuals Respond to a Liquidity Shock: Evidence from the 2013 Government Shutdown," NBER Working Papers 21025, National Bureau of Economic Research, Inc.
- Peter Ganong & Pascal Noel, 2019.
"Consumer Spending during Unemployment: Positive and Normative Implications,"
American Economic Review, American Economic Association, vol. 109(7), pages 2383-2424, July.
- Peter Ganong & Pascal Noel, 2019. "Consumer Spending During Unemployment: Positive and Normative Implications," Working Papers 2019-006, Human Capital and Economic Opportunity Working Group.
- Peter Ganong & Pascal J. Noel, 2019. "Consumer Spending During Unemployment: Positive and Normative Implications," NBER Working Papers 25417, National Bureau of Economic Research, Inc.
- Claus Thustrup Kreiner & David Dreyer Lassen & Søren Leth-Petersen, 2019. "Liquidity Constraint Tightness and Consumer Responses to Fiscal Stimulus Policy," American Economic Journal: Economic Policy, American Economic Association, vol. 11(1), pages 351-379, February.
- Scott Ross Baker & Contantine Yannelis, 2017.
"Income Changes and Consumption: Evidence from the 2013 Federal Government Shutdown,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 23, pages 99-124, January.
- Constantine Yannelis & Scott Baker, 2015. "Income Changes and Consumption: Evidence from the 2013 Federal Government Shutdown," 2015 Meeting Papers 372, Society for Economic Dynamics.
- Dahan, Momi & Tsiddon, Daniel, 1998.
"Demographic Transition, Income Distribution, and Economic Growth,"
Journal of Economic Growth, Springer, vol. 3(1), pages 29-52, March.
- Dahan, M & Tsiddon, D, 1996. "Demographic Transition, Income Distribution and Economic Growth," Papers 42-96, Tel Aviv - the Sackler Institute of Economic Studies.
- Dahan, Momi & Tsiddon, Daniel, 1996. "Demographic Transition, Income Distribution and Economic Growth," Foerder Institute for Economic Research Working Papers 275622, Tel-Aviv University > Foerder Institute for Economic Research.
- Bridges, Sarah & Disney, Richard, 2010.
"Debt and depression,"
Journal of Health Economics, Elsevier, vol. 29(3), pages 388-403, May.
- Richard Disney & Sarah Bridges, 2006. "Debt and depression," Discussion Papers 06/02, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Raj Chetty & Adam Szeidl, 2016.
"Consumption Commitments and Habit Formation,"
Econometrica, Econometric Society, vol. 84, pages 855-890, March.
- Raj Chetty & Adam Szeidl, 2004. "Consumption Commitments and Habit Formation," NBER Working Papers 10970, National Bureau of Economic Research, Inc.
- Leandro S. Carvalho & Stephan Meier & Stephanie W. Wang, 2016. "Poverty and Economic Decision-Making: Evidence from Changes in Financial Resources at Payday," American Economic Review, American Economic Association, vol. 106(2), pages 260-284, February.
- François Gerard & Joana Naritomi, 2021.
"Job Displacement Insurance and (the Lack of) Consumption-Smoothing,"
American Economic Review, American Economic Association, vol. 111(3), pages 899-942, March.
- Francois Gerard & Joana Naritomi, 2019. "Job displacement insurance and (the lack of) consumption-smoothing," CESifo Working Paper Series 7625, CESifo.
- François Gerard & Joana Naritomi, 2019. "Job Displacement Insurance and (the Lack of) Consumption-Smoothing," NBER Working Papers 25749, National Bureau of Economic Research, Inc.
- Naritomi, Joana & ,, 2019. "Job Displacement Insurance and (the Lack of) Consumption-Smoothing," CEPR Discussion Papers 13676, C.E.P.R. Discussion Papers.
- Gerard, François & Naritomi, Joana, 2021. "Job displacement insurance and (the lack of) consumption-smoothing," LSE Research Online Documents on Economics 107127, London School of Economics and Political Science, LSE Library.
- Giovanni Mastrobuoni & Matthew Weinberg, 2009.
"Heterogeneity in Intra-monthly Consumption Patterns, Self-Control, and Savings at Retirement,"
American Economic Journal: Economic Policy, American Economic Association, vol. 1(2), pages 163-189, August.
- Giovanni Mastrobuoni & Matthew Weinberg, 2007. "Heterogeneity in Intra-Monthly Consumption. Patterns, Self-Control, and Savings at Retirement," CeRP Working Papers 57, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Giovanni Mastrobuoni & Matthew Weinberg, 2007. "Heterogeneity in Intra-Monthly Consumption Patterns, Self-Control, and Savings at Retirement," Carlo Alberto Notebooks 36, Collegio Carlo Alberto.
- Giovanni Mastrobuoni & Matthew Weinberg, 2007. "Heterogeneity in Intra-Monthly Consumption Patterns, Self-Control, and Savings at Retirement," Working Papers 65, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Richard G Netemeyer & Dee Warmath & Daniel Fernandes & John G LynchJr. & Eileen FischerEditor & Olivier ToubiaAssociate Editor, 2018. "How Am I Doing? Perceived Financial Well-Being, Its Potential Antecedents, and Its Relation to Overall Well-Being," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 45(1), pages 68-89.
- de Bruijn, Ernst-Jan & Antonides, Gerrit, 2020. "Determinants of financial worry and rumination," Journal of Economic Psychology, Elsevier, vol. 76(C).
- Shapiro, Jesse M., 2005.
"Is there a daily discount rate? Evidence from the food stamp nutrition cycle,"
Journal of Public Economics, Elsevier, vol. 89(2-3), pages 303-325, February.
- Jesse M. Shapiro, 2003. "Is there a Daily Discount Rate? Evidence from the Food Stamp Nutrition Cycle," Microeconomics 0304005, University Library of Munich, Germany, revised 04 Sep 2003.
- Melvin Stephens Jr., 2003.
""3rd of tha Month": Do Social Security Recipients Smooth Consumption Between Checks?,"
American Economic Review, American Economic Association, vol. 93(1), pages 406-422, March.
- Melvin Stephens Jr., 2002. "'3rd of tha Month': Do Social Security Recipients Smooth Consumption Between Checks?," NBER Working Papers 9135, National Bureau of Economic Research, Inc.
- Momi Dahan & Udi Nisan, 2010.
"The effect of benefits level on take-up rates: evidence from a natural experiment,"
International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 17(2), pages 151-173, April.
- Momi Dahan & Udi Nisan, 2007. "The Effect of Benefits Level on Take-up Rates: Evidence from a Natural Experiment," CESifo Working Paper Series 1885, CESifo.
- Loury, Glenn C, 1981. "Intergenerational Transfers and the Distribution of Earnings," Econometrica, Econometric Society, vol. 49(4), pages 843-867, June.
- Spears Dean, 2011. "Economic Decision-Making in Poverty Depletes Behavioral Control," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-44, December.
- Lisa A. Gennetian & Eldar Shafir, 2015. "The Persistence Of Poverty In The Context Of Financial Instability: A Behavioral Perspective," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 34(4), pages 904-936, September.
- Vásquez, William F. & Alicea-Planas, Jessica, 2017. "Factors associated with nonpayment behavior in the water sector of Nicaragua," Utilities Policy, Elsevier, vol. 47(C), pages 50-57.
- Lisa Servon, 2017. "Are Payday Loans Harmful To Consumers?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 36(1), pages 240-248, January.
- Thomas Piketty, 1997. "The Dynamics of the Wealth Distribution and the Interest Rate with Credit Rationing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(2), pages 173-189.
- Stephens Melvin, 2006. "Paycheque Receipt and the Timing of Consumption," Economic Journal, Royal Economic Society, vol. 116(513), pages 680-701, July.
- Lisa Servon, 2017. "Are Payday Loans Harmful To Consumers? Response To Horowitz," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 36(1), pages 255-258, January.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Goldfayn-Frank, Olga & Lewis, Vivien & Wehrhöfer, Nils, 2022. "Spending effects of child-related fiscal transfers," Discussion Papers 26/2022, Deutsche Bundesbank.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Dahan, Momi & Sayag, Doron, 2024.
"Scarcity and consumption priorities,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 108(C).
- Momi Dahan & Doron Sayag, 2023. "Scarcity and Consumption Priorities," CESifo Working Paper Series 10316, CESifo.
- Momi Dahan, 2021.
"Poverty and economic behavior: gambling on social security paydays,"
International Gambling Studies, Taylor & Francis Journals, vol. 21(1), pages 38-58, January.
- Momi Dahan, 2019. "Poverty and Economic Behavior: Gambling at Social Security Paydays," CESifo Working Paper Series 7813, CESifo.
- Mika Akesaka & Peter Eibich & Chie Hanaoka & Hitoshi Shigeoka, 2023.
"Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles,"
American Economic Journal: Applied Economics, American Economic Association, vol. 15(4), pages 68-99, October.
- Mika Akesaka & Peter Eibich & Chie Hanaoka & Hitoshi Shigeoka, 2021. "Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles," NBER Working Papers 28784, National Bureau of Economic Research, Inc.
- Mike Akesaka & Peter Eibich & Chie Hanaoka & Hitoshi Shigeoka, 2021. "Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles," Discussion Papers dp21-05, Department of Economics, Simon Fraser University.
- Mika Akesaka & Peter Eibich & Chie Hanaoka & Hitoshi Shigeoka, 2023. "Temporal Instability of Risk Preference Among the Poor: Evidence from Payday Cycles," Post-Print hal-04274725, HAL.
- Mika Akesaka & Peter Eibich & Chie Hanaoka & Hitoshi Shigeoka, 2021. "Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles," ISER Discussion Paper 1133, Institute of Social and Economic Research, Osaka University.
- Frederik Plesner Lyngse, 2020. "Liquidity Constraints and Demand for Healthcare: Evidence from Danish Welfare Recipients," Papers 2010.14651, arXiv.org.
- Frederik Plesner Lyngse, 2020. "Liquidity Constraints and Demand for Healthcare: Evidence from Danish Welfare Recipients," CEBI working paper series 20-28, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
- Albert, Aaron & Wozny, Nathan, 2023. "Income variation and excess sensitivity of goods-intensive leisure," Labour Economics, Elsevier, vol. 81(C).
- Tal Gross & Timothy J. Layton & Daniel Prinz, 2022.
"The Liquidity Sensitivity of Healthcare Consumption: Evidence from Social Security Payments,"
American Economic Review: Insights, American Economic Association, vol. 4(2), pages 175-190, June.
- Tal Gross & Timothy Layton & Daniel Prinz, 2020. "The Liquidity Sensitivity of Healthcare Consumption: Evidence from Social Security Payments," NBER Working Papers 27977, National Bureau of Economic Research, Inc.
- Vellekoop, Nathanael, 2018. "Explaining intra-monthly consumption patterns: The timing of income or the timing of consumption commitments?," SAFE Working Paper Series 237, Leibniz Institute for Financial Research SAFE.
- Arna Olafsson & Michaela Pagel, 2018. "The Liquid Hand-to-Mouth: Evidence from Personal Finance Management Software," The Review of Financial Studies, Society for Financial Studies, vol. 31(11), pages 4398-4446.
- Marieke Bos & Chloé Le Coq & Peter van Santen, 2022.
"Scarcity and consumers’ credit choices,"
Theory and Decision, Springer, vol. 92(1), pages 105-139, February.
- Marieke Bos & Chloé Le Coq & Peter Van Santen, 2021. "Scarcity and consumers' credit choices," Post-Print hal-04120434, HAL.
- Angelucci, Manuela & Chiapa, Carlos & Prina, Silvia & Rojas, Irvin, 2024.
"Transitory income changes and consumption smoothing: Evidence from Mexico,"
Journal of Public Economics, Elsevier, vol. 230(C).
- Angelucci, Manuela & Chiapa, Carlos & Prina, Silvia & Rojas, Irvin, 2021. "Transitory Income Changes and Consumption Smoothing: Evidence from Mexico," IZA Discussion Papers 14452, Institute of Labor Economics (IZA).
- Farbmacher, Helmut & Kögel, Heinrich & Spindler, Martin, 2021. "Heterogeneous effects of poverty on attention," Labour Economics, Elsevier, vol. 71(C).
- White, Justin S. & Basu, Sanjay, 2016. "Does the benefits schedule of cash assistance programs affect the purchase of temptation goods? Evidence from Peru," Journal of Health Economics, Elsevier, vol. 46(C), pages 70-89.
- Cotti, Chad & Gordanier, John & Ozturk, Orgul, 2018. "When does it count? The timing of food stamp receipt and educational performance," Economics of Education Review, Elsevier, vol. 66(C), pages 40-50.
- David Laibson, 1997.
"Golden Eggs and Hyperbolic Discounting,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
- Laibson, David I., 1997. "Golden Eggs and Hyperbolic Discounting," Scholarly Articles 4481499, Harvard University Department of Economics.
- Anna Sokolova, 2023.
"Marginal Propensity to Consume and Unemployment: a Meta-analysis,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 813-846, December.
- Anna Sokolova, 2023. "Code and data files for "Marginal Propensity to Consume and Unemployment: a Meta-analysis"," Computer Codes 23-112, Review of Economic Dynamics.
- Arna Vardardottir & Michaela Pagel, 2016. "The Liquid Hand-to-Mouth: Evidence from a Personal Finance Management Software," 2016 Meeting Papers 789, Society for Economic Dynamics.
- Macchiavello, Rocco & Casaburi, Lorenzo, 2015.
"Firm and Market Response to Saving Constraints: Evidence from the Kenyan Dairy Industry,"
CEPR Discussion Papers
10952, C.E.P.R. Discussion Papers.
- Casaburi, Lorenzo & Macchiavello, Rocco, 2018. "Firm and Market Response to Saving Constraints: Evidence from the Kenyan Dairy Industry," CAGE Online Working Paper Series 367, Competitive Advantage in the Global Economy (CAGE).
- Casaburi, Lorenzo & Macchiavello, Rocco, 2017. "Firm and Market Response to Saving Constraints: Evidence from the Kenyan Dairy Industry," CAGE Online Working Paper Series 322, Competitive Advantage in the Global Economy (CAGE).
- Andersson, Elvira & Lundborg, Petter & Vikström, Johan, 2015.
"Income receipt and mortality — Evidence from Swedish public sector employees,"
Journal of Public Economics, Elsevier, vol. 131(C), pages 21-32.
- Andersson, Elvira & Lundborg, Petter & Vikström, Johan, 2014. "Income Receipt and Mortality – Evidence from Swedish Public Sector Employees," Working Papers 2014:32, Lund University, Department of Economics.
- Andersson, Elvira & Lundborg, Petter & Vikström, Johan, 2014. "Income receipt and mortality - Evidence from Swedish public sector employees," Working Paper Series, Center for Labor Studies 2014:10, Uppsala University, Department of Economics.
- Andersson, Elvira & Lundborg, Petter & Vikström, Johan, 2014. "Income Receipt and Mortality: Evidence from Swedish Public Sector Employees," IZA Discussion Papers 8389, Institute of Labor Economics (IZA).
- Andersson, Elvira & Lundborg, Petter & Vikström, Johan, 2014. "Income receipt and mortality - evidence from Swedish public sector employees," Working Paper Series 2014:21, IFAU - Institute for Evaluation of Labour Market and Education Policy.
- Yoko Ibuka & Junya Hamaaki, 2024.
"Income Receipt, Economic Activities, and Health: Evidence from Ambulance Transport Patterns,"
Keio-IES Discussion Paper Series
2024-006, Institute for Economics Studies, Keio University.
- Yoko Ibuka & Junya Hamaaki, 2024. "Income Receipt, Economic Activities, and Health: Evidence from Ambulance Transport Patterns," Working Papers 202401, University of Hawaii at Manoa, Department of Economics.
More about this item
Keywords
late payment; liquidity; poverty penalty; water; social security; paydays;All these keywords.
JEL classification:
- I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
- L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
- D10 - Microeconomics - - Household Behavior - - - General
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_8733. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/cesifde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.