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Preference Parameters and Behavioral Heterogeneity : An Experimental Approach in the Health and Retirement Survey

Barsky, Robert B. - 1995

Individuals' preferences underlying most economic behavior are likely to display substantial heterogeneity. This paper reports on direct measures of preference parameters relating to risk tolerance, time preference, and intertemporal substitution. These experimental measures are based on survey...

Persistent link: https://www.econbiz.de/10012473664

Mortality risk and consumption by couples

Hurd, Michael D. - National Bureau of Economic Research - 1999

Persistent link: https://www.econbiz.de/10014385707

Dynamic Optimization Meets Budgeting : Unraveling Financial Complexities

Fenig, Guidon; Petersen, Luba - National Bureau of Economic Research - 2024

This paper explores sources of complexity in dynamic optimization, examining how individuals navigate variation in incomes, prices, and returns in ten-period consumption-saving decisions. Our findings reveal that dynamic optimization poses significant challenges, resulting in suboptimal choices...

Persistent link: https://www.econbiz.de/10015056146

Explaining the Rise in Youth Suicide

Cutler, David M. - 2000

Suicide rates among youths aged 15-24 have tripled in the past half-century, even as rates for adults and the elderly have declined. And for every youth suicide completion, there are nearly 400 suicide attempts. This paper examines the dynamics of youth suicide attempts and completions, and...

Persistent link: https://www.econbiz.de/10012471048

Transfer Motives and Tax Policy

Kaplow, Louis - 1999

This paper considers the optimal tax treatment of voluntary transfers to individuals in a" framework that integrates redistributive income taxation and estate and gift taxation. Under this" formulation, redistributive considerations become secondary. The optimal tax treatment of" transfers...

Persistent link: https://www.econbiz.de/10012471814

The Shape of Temptation : Implications for the Economic Lives of the Poor

Banerjee, Abhijit - 2010

observed behaviors of the poor. Temptation goods are defined to be the set of goods that generate positive utility for the self …

Persistent link: https://www.econbiz.de/10012462679

Who Owns Children and Does it Matter?

Schoonbroodt, Alice - 2010

Is there an economic rationale for pronatalist policies? In this paper we propose and analyze a particular market failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention. The friction we investigate is related to the ownership of...

Persistent link: https://www.econbiz.de/10012462988

Utility from Accumulation

Kaplow, Louis - 2009

The possibility that individuals may derive utility from the mere fact of holding wealth has long been recognized. A … simple intertemporal model featuring utility from accumulation is used here to examine consumption and savings, the choice … utility from accumulation helps to explain a number of empirical regularities that otherwise seem inconsistent with optimizing …

Persistent link: https://www.econbiz.de/10012463054

Scarcity of Ideas and R&D Options : Use it, Lose it or Bank it

Erkal, Nisvan - 2009

We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random times. By foregoing investment in a current idea, society as a whole preserves an option to invest in a better idea for the same market niche, but with delay. Because successive...

Persistent link: https://www.econbiz.de/10012463708

Voluntary Provision of Public Goods for Bads : A Theory of Environmental Offsets

Kotchen, Matthew J. - 2007

This paper examines voluntary provision of a public good that is motivated, in part, to compensate for other activities that diminish the public good. Markets for environmental offsets, such as those that promote carbon neutrality to minimize the impact of climate change, provide an increasingly...

Persistent link: https://www.econbiz.de/10012464996

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