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Denial of Death and Economic Behavior
Kopczuk, Wojciech; Slemrod, Joel - National Bureau of Economic Research (NBER) - 2005
purchase of life insurance. …
Persistent link: https://www.econbiz.de/10005087485
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'Risky Habits' and the Marginal Propensity to Consume Out of Permanent Income, or, How Much Would a Permanent Tax Cut Boost Japanese Consumption?
Carroll, Christopher - National Bureau of Economic Research (NBER) - 2000
Papers in variety of disparate literatures have recently suggested that habit formation in consumption may explain several empirical puzzles, ranging from the level and cyclical variability of the equity premium (Abel (1990,1999); Constantinides (1990); Jermann (1998); Campbell and Cochrane...
Persistent link: https://www.econbiz.de/10005777325
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To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda
Karlan, Dean; Fischer, Greg; McConnell, Margaret; … - National Bureau of Economic Research (NBER) - 2014
In a field experiment in Uganda, we find that demand after a free distribution of three health products is lower than after a sale distribution. This contrasts with work on insecticide-treated bed nets, highlighting the importance of product characteristics in determining pricing policy. We put...
Persistent link: https://www.econbiz.de/10010950656
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The Short-Run and Long-Run Effects of Behavioral Interventions: Experimental Evidence from Energy Conservation
Allcott, Hunt; Rogers, Todd - National Bureau of Economic Research (NBER) - 2012
We document three remarkable features of the Opower program, in which social comparison- based home energy reports are repeatedly mailed to more than six million households nationwide. First, initial reports cause high-frequency "action and backsliding," but these cycles attenuate over time....
Persistent link: https://www.econbiz.de/10010950892
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The Endowment Effect
Ericson, Keith M. Marzilli; Fuster, Andreas - National Bureau of Economic Research (NBER) - 2013
The endowment effect is among the best known findings in behavioral economics, and has been used as evidence for theories of reference-dependent preferences and loss aversion. However, a recent literature has questioned the robustness of the effect in the laboratory, as well as its relevance in...
Persistent link: https://www.econbiz.de/10010950917
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Medicaid Insurance in Old Age
De Nardi, Mariacristina; French, Eric; Jones, John Bailey - National Bureau of Economic Research (NBER) - 2013
can end up on Medicaid, and often value Medicaid's insurance features the most, as they face a larger risk of catastrophic … medical needs at old ages, and face the greatest consumption risk. Finally, our compensating differential calculations … indicate that retirees value Medicaid insurance at more than its actuarial cost, but that most would value expansions of the …
Persistent link: https://www.econbiz.de/10010951223
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Time is Money: Life Cycle Rational Inertia and Delegation of Investment Management
Mitchell, Olivia; Kim, Hugh Hoikwang; Maurer, Raimond - National Bureau of Economic Research (NBER) - 2013
This paper incorporates two empirically-grounded insights into a dynamic life cycle portfolio choice model: the fact that investors forego the opportunity to accumulate job-specific skills when they spend time managing their own money, and the observation that efficiency in financial decision...
Persistent link: https://www.econbiz.de/10011210995
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Government Policy and Labor Supply with Myopic or Targeted Savings Decisions
Kaplow, Louis - National Bureau of Economic Research (NBER) - 2015
A central justification for social insurance and for other policies aimed at retirement savings is that individuals may …
Persistent link: https://www.econbiz.de/10011271390
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Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization
Adelino, Manuel; Gerardi, Kristopher; Willen, Paul S. - National Bureau of Economic Research (NBER) - 2009
a theoretical model to show that redefault risk, the possibility that a borrower will still default despite costly … renegotiation, and self-cure risk, the possibility that a seriously delinquent borrower will become current without renegotiation …
Persistent link: https://www.econbiz.de/10005079162
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Salience and Taxation: Theory and Evidence
Chetty, Raj; Looney, Adam; Kroft, Kory - National Bureau of Economic Research (NBER) - 2007
A central assumption in public finance is that individuals optimize fully with respect to the incentives created by tax policies. In this paper, we test this assumption using two empirical strategies. First, we conducted an experiment at a grocery store where we posted tax-inclusive prices for...
Persistent link: https://www.econbiz.de/10005084982