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Thompson says America must "unchoose" policies that have led to mass incarceration

Axinn says new data on campus rape will "allow students to see for themselves the full extent of this problem"

Frey says white population is growing in Detroit and other large cities


Susan Murphy to speak at U-M kickoff for data science initiative, Oct 6, Rackham

Andrew Goodman-Bacon, former trainee, wins 2015 Nevins Prize for best dissertation in economic history

Deirdre Bloome wins ASA award for work on racial inequality and intergenerational transmission

Bob Willis awarded 2015 Jacob Mincer Award for Lifetime Contributions to the Field of Labor Economics

Next Brown Bag

Monday, Oct 12 at noon, 6050 ISR
Joe Grengs: Policy & planning for transportation equity

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Shapiro says Americans' seemingly volatile spending pattern linked to 'sensible cash management'

a PSC In The News reference

"Even Finance-Conscious Consumers Spend Swiftly After Payday" - Wall Street Journal. 07/10/2014.

Using data mined from a smart phone app that tracks account balances (Check), Matthew Shapiro and colleagues found that Americans' tendency to steeply increase spending after the receipt of anticipated income (pay or benefits checks) can be mostly accounted for by their payment of regularly recurring bills rather than shopping splurges. Shapiro says: "That's not irrational. That's sensible cash management." They also found, however, that individuals with less cash in their bank accounts increased their spending more after receiving a payment than did folks with more money in the bank.

Related journal article


Matthew D. Shapiro

More Media Coverage:

Science Magazine. Surprise, surprise: Americans hold on to their paychecks. 7/10/2014.

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