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-scale, multi-site randomized controlled study of monthly unconditional cash transfers starting at the time of a child's birth. We … find that the cash transfers increased spending on child-specific goods and mothers' early-learning activities with their … infants. The marginal propensity to consume child-focused items from the cash transfer exceeded that from other income …
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early 1900s had significant impact on labor markets, economic activity, family formation, death rates, and crime …
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It is difficult for private agents to produce money that circulates at par with no questions asked. We study two cases of privately-produced money: pre-Civil War U.S. private banknotes and modern stablecoins. Private monies are introduced when there are no better alternatives, but they initially...
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How far did antebellum bank notes travel? Up to now, we did not know. Using previously overlooked data on interbank holdings of bank notes and the records of a small-time note broker, I find that most bank notes circulated within about 50 miles of the issuing banks. Few notes were observed from...
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is higher for consumers that took cash advances, a proxy for low financial sophistication. Relative to a counterfactual …
Persistent link: https://www.econbiz.de/10014337781
We run a field experiment and a survey experiment to study an active choice nudge. Our nudge is designed to reduce the anchoring of credit card payments to the minimum payment. In our field experiment, the nudge reduces enrollment in Autopaying the minimum from 36.9% to 9.6%. However, the nudge...
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