Holmes, Craig - In: Journal of Public Economics 94 (2010) 1-2, pp. 129-130
Diamond and Koszegi [Diamond, P. and Koszegi, B. (2003), "Quasi-Hyperbolic Preferences and Retirement," Journal of Public Economics, 87: 1839-1972] have argued that quasi-hyperbolic discounting can cause dynamic inconsistency in planning when to retire as well as in consumption plans. This...