NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The First of the Month Effect: Consumer Behavior and Store Responses

Justine S. Hastings, Ebonya L. Washington

NBER Working Paper No. 14578
Issued in December 2008

---- Acknowledgements -----

We thank Joseph Altonji, Steven Berry, Keith Chen, Raj Chetty, Judy Chevalier, Nada Eissa, Tim Guinnane, Patrick Kline, Camille Landais, Jesse Shapiro, Sharon Oster and seminar participants at Boston University, Brown University, IIES, the NBER TAPES Conference, University of California at Berkeley, University of Chicago GSB and the Yale Industrial Organization lunch for valuable input. Lydia Ashton and Alexander Torgovitsky provided excellent research assistance. We gratefully acknowledge funding from the Yale University Institution for Social and Policy Studies. All remaining errors are ours. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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