self" emerges when labor supply and savings decisions are made. The social welfare function is paternalistic: the rate of … show that the paternalistic solution does not necessarily imply forced savings for the myopics. This is because …

We study optimal savings in continuous time with exogenous transitions between employment and unemployment as the only …

We consider a simple, two period, consumption-savings model with future income uncertainty that examines the interplay … of savings, precautionary savings, loss aversion, and risk. We provide the relevant theory, followed by empirical tests … present bias. We predict, and show empirically, that loss aversion reduces savings, and that those who are more loss averse …