Original paper
When the Economy Falters, Do People Spend or Save? Responses to Resource Scarcity Depend on Childhood Environments
Abstract
Just as modern economies undergo periods of boom and bust, human ancestors experienced cycles of abundance and famine. Is the adaptive response when resources become scarce to save for the future or to spend money on immediate gains? Drawing on life-history theory, we propose that people's responses to resource scarcity depend on the harshness of their early-life environment, as reflected by childhood socioeconomic status (SES). In the three...
Paper Details
Title
When the Economy Falters, Do People Spend or Save? Responses to Resource Scarcity Depend on Childhood Environments
Published Date
Jan 9, 2013
Journal
Volume
24
Issue
2
Pages
197 - 205
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Notes
History