全球智库信息集成服务系统(G2TT): Disentangling Financial Constraints, Precautionary Savings, and Myopia: Household Behavior Surrounding Federal Tax Returns

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w19783
来源ID	Working Paper 19783
	Disentangling Financial Constraints, Precautionary Savings, and Myopia: Household Behavior Surrounding Federal Tax Returns
	Brian Baugh; Itzhak Ben-David; Hoonsuk Park
发表日期	2014-01-03
出版年	2014
语种	英语
摘要	We explore household consumption surrounding federal tax returns filings and refunds receipt to test various theories of consumption. Because uncertainty regarding the refund is resolved at filing, precautionary savings theory predicts an increase in consumption at this date. Contrary to this prediction, we find that households generally do not increase consumption at filing. Following the receipt of the refunds, consumption of both durables and nondurables increases dramatically and then decays quickly. Our results show that households, on average, are financially constrained, exhibit myopic behavior, and do not respond to precautionary savings motives.
主题	Microeconomics ; Households and Firms
URL	https://www.nber.org/papers/w19783
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/577456
推荐引用方式 GB/T 7714	Brian Baugh,Itzhak Ben-David,Hoonsuk Park. Disentangling Financial Constraints, Precautionary Savings, and Myopia: Household Behavior Surrounding Federal Tax Returns. 2014.