Primary Outcomes (explanation)
1. Total Savings:
Includes savings held in stationary savings box and also savings held elsewhere (e.g., bank account, savings group, post office)
2. Temptation Spending
We use a new measure which captures past consumption and desired future consumption on 13 food items and 10 non-food items. ‘Temptation goods’ differ from normal goods in that they provide utility when consumed, but not in anticipation of their consumption. Using this definition in our survey allows us to define a unique set of temptation goods for each individual.
We further include a self-rated temptation index based on the following three items:
-In the past month, I spent money on things that I didn’t really need.
-In the past month, I bought something and later regret that I did.
-In the past month, I found it difficult to really control on how I spend my money