3/15/2023 0 Comments First stimulus check amount![]() ![]() The surprising find was the spending behavior was very different depending on how much cash people had in the bank. Baker and fellow researchers looked at how recipients spent their stimulus checks. Farrokhnia and Michaela Pagel of the Columbia Business School, Constantine Yannelis at the University of Chicago’s Booth School of Business, and Steffen Meyer at the University of Southern Denmark.ĭr. Baker of Kellogg Graduate School of Management, along with R.A. Kellogg Insight published the findings of research by Scott R. The effectiveness of the stimulus checks varied widely depending on who received it.
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