JustCurious
Thinks s/he gets paid by the post
- Joined
- Sep 20, 2006
- Messages
- 1,396
Spend your money while you're still young—you'll be happier - By Ray Fisman - Slate Magazine
"Recent research by economists Amy Finkelstein, Erzo Luttmer, and Matthew Notowidigdo suggests that you'll get a bigger bang for your consumer buck by spending while you're healthy, before old age starts to take the fun out of life's indulgences. Their research is part of a larger academic enterprise attempting to understand what makes us happy."
This is similar to the idea of consumption smoothing.
"Recent research by economists Amy Finkelstein, Erzo Luttmer, and Matthew Notowidigdo suggests that you'll get a bigger bang for your consumer buck by spending while you're healthy, before old age starts to take the fun out of life's indulgences. Their research is part of a larger academic enterprise attempting to understand what makes us happy."
This is similar to the idea of consumption smoothing.