The DOI matches its Crossref record, with a small difference in title or year; 1 of the 1 references it cites were found in a registry or an index.
Anomalies: The Flypaper Effect
Open accessAbstract
What happens to a state's spending when it receives an unconditional grant from the federal government? The standard theoretical analysis predicts that the increase in spending will be the same as that generated by an equivalent increase in local incomes--or roughly 5-10 percent for most states. In contrast, numerous empirical analyses have found that spending increases by much more, with some estimates near 100 percent. This result is known as the ’flypaper effect,’ since the money appears to ‘stick where it hits.’ The authors review this evidence as well as other studies that find similar behavior in firms.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
The findings are more consistent with a 'liquidity flypaper effect' than a standard lifecycle model with liquidity constraints.
“Our findings are more consistent with a 'liquidity flypaper effect' where additional retail liquidity through BNPL 'sticks where it hits', than a standard lifecycle model with liquidity constraints.”
From Buy Now, Pay Later Credit: User Characteristics and Effects on Spending Patterns (2022) · cites this paper as Hines and Thaler, 1995
BNPL significantly tilts expenditures towards retail, attributable to a 'liquidity flypaper effect'.
“We attribute the finding that BNPL significantly tilts expenditures towards retail to a 'liquidity flypaper effect' (Hines and Thaler, 1995), where liquidity in one expenditure category drives additional same-category expenditure.”
From Buy Now, Pay Later Credit: User Characteristics and Effects on Spending Patterns (2022) · cites this paper as Hines and Thaler, 1995
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias
Kahneman, D., Knetsch, J. L., & Thaler, R. H. (1991) · Journal of Economic Perspectives · doi:10.1257/jep.5.1.193 · Cited by 5,019
Self-citation
Flagged first, then by citations
Research works printed but not linked: 20
- 10.1016/0304-405X(94)90009-4 · DOI
- Bowman John H, 1974, National Tax Journal, 27, 163, 10.1086/NTJ41861940 · DOI
- 10.1016/0047-2727(93)90036-S · DOI
- Feldstein Martin S, 1975, American Economic Review, 65, 75
- 10.1016/0047-2727(82)90025-1 · DOI
- Fisher Ronald C, 1979, National TaxJournal, 32, 173
- 10.1016/0094-1190(82)90021-3 · DOI
- 10.2307/2534084 · DOI
- 10.1016/0047-2727(83)90040-3 · DOI
- 10.2307/3325462 · DOI
- 10.1016/0094-1190(87)90053-2 · DOI
- Marshall Louise, 1991, American Economic Review, 81, 1336
- 10.2307/1927243 · DOI
- Moffitt Robert, 1984, Journal ofPublic Economics, 23, 279
- Olmsted George M, 1993, Journal ofPublic Economics, 52, 345
- Stine William F, 1994, National Tax Journal, 47, 799, 10.1086/NTJ41789109 · DOI
- 10.1257/jep.3.2.181 · DOI
- 10.1257/jep.4.1.193 · DOI · Paper page
- Weicher John C, 1972, National TaxJournal, 25, 573
- Wyckoff Paul Gary, 1991, Journal of UrbanEconomics, 30, 310
Cited by
Sorted by citations
Buy Now, Pay Later Credit: User Characteristics and Effects on Spending Patterns
Di Maggio, M., Katz, J., & Williams, E. (2022) · Social Science Research Network · doi:10.2139/ssrn.4198320 · Cited by 15
Metadata
- Authors
- Hines, J. R., & Thaler, R. H.
- Affiliations
- National Bureau of Economic Research (US)
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 1995-11-01
- Volume
- 9
- Issue
- 4
- Pages
- 217-226
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W1540194579
- Cited by
- 821
- References
- 1
- Citations by year
- 2026: 40 · 2025: 21 · 2024: 29 · 2023: 27 · 2022: 26 · 2021: 26 · 2020: 42 · 2019: 28 · 2018: 40 · 2017: 43 · 2016: 43 · 2015: 28 · 2014: 28 · 2013: 36 · 2012: 36
- FWCI
- 45.48
- Type
- journal article
- Language
- en
- Open access
- bronze
- doi.org
- Locations
- The Journal of Economic Perspectives (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Political Science and International Relations › Local Government Finance and Decentralization
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Fiscal Policy and Economic Growth
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Fiscal Policies and Political Economy
- Keywords
- flypaper effect, state expenditures, federal grants, unconditional grants, fiscal federalism, local government spending, fiscal multipliers, intergovernmental transfers
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
