Poverty and limited attention
Stefanie Yvonne Schmitt and
Markus G. Schlatterer
No 159, BERG Working Paper Series from Bamberg University, Bamberg Economic Research Group
Abstract:
In this article, we analyze whether the financial strain of poverty systematically alters the allocation of attention. We address two types of attention: attention to unexpectedly occurring events and attention to primary tasks that require focus. We show that the poor are significantly more likely than the rich to notice unexpected events. In addition, we find evidence that the poor notice unexpected events at the expense of attention to the primary task only if the task is sufficiently difficult.
Keywords: inattentional blindness; limited attention; poverty (search for similar items in EconPapers)
JEL-codes: D91 I32 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bamber:159
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