• Consuming Dividends 

      Bräuer, Konstantin; Hackethal, Andreas; Hanspal, Tobin (2020-05-01)
      This paper studies why investors buy dividend-paying assets and how they time their consumption accordingly. We combine administrative bank data linking customers’ consumption transactions and income to detailed portfolio ...
    • Explaining Intra-Monthly Consumption Patterns: The Timing of Income or the Timing of Consumption Commitments? 

      Vellekoop, Nathanael (2018-11-01)
      A number of recent studies have concluded that consumer spending patterns over the month are closely linked to the timing of income receipt. This correlation is interpreted as evidence of hyperbolic discounting. I re-examine ...