Where Does it Go? Spending by the Financially Constrained

Posted by C How on April 11th under Business Working Knowledge | Add comment

Executive Summary:
Despite widespread interest by academics, businesspeople, and policymakers, much is unknown about the financial behavior of low-income individuals, particularly those who rarely or ever use banks. Do credit constrained consumers spend money more quickly than less constrained consumers? Do they spend the money in different manners (card-based merchant transactions versus cash ATM withdrawals)? Do [...]

Harvard Business Review Articles April 8, 2008

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“How people spend their money may be at least as important as how much money they earn,” according to new research by HBS professor Michael I. Norton and colleagues Elizabeth W. Dunn and Lara B. Aknin. Writing in the current issue of Science, the researchers found that people felt happier when they spent money on [...]

The Debate over Taxing Foreign Profits

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Q&A with:
Mihir A. Desai

Published:
April 7, 2008

Author:
Sean Silverthorne

Congress and the next president of the United States will be under pressure to make major changes to U.S. corporate tax policy, the consequences of which could have significant impact on profit and competitiveness of American companies on the global stage.
One heated issue is the charge that the U.S. [...]