-formation process. The analysis is based on a general equilibrium OLG model with endogenous labor supply and savings where each consumer …-bias through a combination of time-variant marginal labor income taxes and savings subsidies. Furthermore, the optimal policy mix … remains the same, irrespective of whether consumers commit to their original life-time plan for work hours and savings decided …

savings behavior. To this end, we analyze hand-collected historical data on livestock availability during World War II at the … provincial level, alongside detailed survey data on elicited time preferences and household savings. By leveraging differences … scarcity during early childhood develop higher levels of patience later in life and tend to hold more (precautionary) savings …