University of Michigan
To advance measurement of income, spending, assets and debt by creating and analyzing a new database of high-quality, daily data on actual transactions and account balances of individuals
The grants funds a project by a team led by University of Michigan economist Matthew Shapiro, who will analyze an exciting new dataset to glean insights about the economic behavior of older Americans. Shapiro and his team will analyze member data provided by Pageonce, a firm that has developed a mobile phone app that lets users pay bills online as well as integrate disparate bank accounts, credit card balances, and investment accounts all in one place. Analyzing the Pageonce data, the team will focus on what it can tell us about how older workers spend and save, how they handle debt, and how saving and consumption decisions change after retirement.