Fatás, Enrique; Lacomba, Juan A.; Lagos, Francisco; … - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 4, pp. 393-413
This article examines the potential risks on consumption behavior of lumpsum payments. As a pension, lump-sum payments could be consumed too fast and generate an increase of poverty rates. We experimentally investigate consumption behavior in an inter-temporal decision-making setting. Subjects...
