Disentangling Financial Constraints, Precautionary Savings, and Myopia: Household Behavior Surrounding Federal Tax Returns

We thank the company for providing the data set. We thank Sumit Agarwal, René Stulz, Michael Palumbo, Manuel Adelino, Andrew Chen, and the participants of the conferences and seminars at the Cleveland Federal Reserve Bank, Philadelphia Federal Reserve Bank, and The Ohio State University for helpful comments. We are grateful for the financial support of the NBER Household Finance Grant. This work was supported in part by an allocation of computing time from the Ohio Supercomputer Center. Ben-David gratefully acknowledges the financial support of the Dice Center at the Fisher College of Business and the Neil Klatskin Chair in Finance and Real Estate. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.