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Eisenberg discusses U-M program offering mental health services to student athletes

Bailey and Dynarski's work cited in Bloomberg article on growing U.S. inequality

Frey says current minority college completion rates predict decline in college-educated Americans

Highlights

ISR addition wins LEED Gold Certification

Call for Proposals: Small Grants for Research Using PSID Data. Due March 2, 2015

PSC Fall 2014 Newsletter now available

Martha Bailey and Nicolas Duquette win Cole Prize for article on War on Poverty

Next Brown Bag

Monday, Feb 2
Monica Grant, Free Primary Education & Age of First Birth in Malawi

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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

Researcher:

Matthew D. Shapiro

More Media Coverage:

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

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