Transitory Income Changes and Consumption Smoothing: Evidence from Mexico
نویسندگان
چکیده
We study how 3,534 beneficiaries of PROSPERA, Mexico's cash transfer program, smooth food consumption around the payday, an anticipated and transitory income shock. find that security do not change including for recipients with impatient or time-inconsistent preferences households higher than median dependence. Conversely, health employment shocks (unexpected less changes) reduce security. The transfer's relative illiquidity may act as a commitment device, helping experienced debit card holders consumption.
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3865476