Early-Life Scarcity, Life Expectancy, and Decision-Making
We propose that one reason for financial disparities among people from different socioeconomic backgrounds is perceived life expectancy. We find that in the presence of current stressors people growing up poorer feel that they are going to die sooner and that this tendency leads them to devalue retirement savings.
Chiraag Mittal and Vladas Griskevicius (2017) ,"Early-Life Scarcity, Life Expectancy, and Decision-Making", in NA - Advances in Consumer Research Volume 45, eds. Ayelet Gneezy, Vladas Griskevicius, and Patti Williams, Duluth, MN : Association for Consumer Research, Pages: 253-257.
Chiraag Mittal, Texas A&M University, USA
Vladas Griskevicius, University of Minnesota, USA
NA - Advances in Consumer Research Volume 45 | 2017
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