Replication data for: The First of the Month Effect: Consumer Behavior and Store Responses

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AEJPol2008-0139_data			10/13/2019 06:15:AM
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Project Citation:

Hastings, Justine, and Washington, Ebonya. Replication data for: The First of the Month Effect: Consumer Behavior and Store Responses. Nashville, TN: American Economic Association [publisher], 2010. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114731V1

Project Description

Summary: Previous research has demonstrated that benefit recipients decrease expenditures on, and consumption of, food throughout the benefit month. Using detailed grocery store scanner data, we ask two questions: whether cycling is due to a desire for variety that leads to within-month substitution across product quality, and whether cycling is driven by countercyclical retail pricing. We find that the decrease in food expenditures is largely driven by reductions in quantity, not quality, and that prices for foods purchased by benefit households vary pro-cyclically with demand, implying that households could save money by delaying their food purchases until later in the month. (JEL D12, I38)

Scope of Project

JEL Classification:
D12 Consumer Economics: Empirical Analysis
I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs

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V1 [2019-10-13]

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