Fatás, Enrique; Lacomba, Juan; Lagos, Francisco; … - In: SERIEs 4 (2013) 4, pp. 393-413
This article examines the potential risks on consumption behavior of lump-sum 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 make consumption and saving decisions in an environment with two …