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.e., impulsivity and length of financial planning horizon, smokers are more impatient. However, neither of these measures is … measures of time preference and self-control, i.e., impulsivity and financial planning, are more closely related to the smoking …
Persistent link: https://www.econbiz.de/10012778234
estimates show that planning behavior can explain the differences in savings and why some people arrive close to retirement with …
Persistent link: https://www.econbiz.de/10012778261
-post costs of poor planning. We show that, given a commitment device, people self-impose deadlines that are binding but require … theory predicts. For example, monetary incentives for accurate prediction ameliorate the planning fallacy while incentives …
Persistent link: https://www.econbiz.de/10012753494
the effect of a simple scalable planning intervention on a repeated behavior using a randomized design involving 877 … weeks. In contrast to recent studies, we find that the planning intervention did not have a positive effect on behavior and … planning is helpful and despite clear evidence that they engaged with the planning process …
Persistent link: https://www.econbiz.de/10012911692
How has the emergence of defined contribution pension plans, such as 401(k)s, affected the financial security of future retirees? We consider this question using a detailed survey of pension formulas in the Survey of Consumer Finances. Our simulations show that average and median pension...
Persistent link: https://www.econbiz.de/10012763592
How likely is a catastrophic event that would substantially reduce the capital stock, GDP and wealth? How much should society be willing to pay to reduce the probability or impact of a catastrophe? We answer these questions and provide a framework for policy analysis using a general equilibrium...
Persistent link: https://www.econbiz.de/10013150842
-contingent, planning problem, which may involve costly deliberation in every state of nature, and by letting the decision-maker deliberate …
Persistent link: https://www.econbiz.de/10013224897
We study social learning between spouses using an experiment in Chennai, India. We vary whether individuals discover … gender difference in learning (only) in the household …
Persistent link: https://www.econbiz.de/10014357711
Previous research has demonstrated that attending center care is associated with cognitive benefits for young children. However, little is known about the ideal age for children to enter such care or the quot;rightquot; amount of time, both weekly and yearly, for children to attend center...
Persistent link: https://www.econbiz.de/10012767457
This paper develops a theory of expectations-driven business cycles based on learning. Agents have incomplete knowledge …
Persistent link: https://www.econbiz.de/10012770876