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Bernheim, B. Douglas; Ray, Debraj; Yeltekin, Sevin - National Bureau of Economic Research (NBER) - 2013

The absence of self-control is often viewed as an important correlate of persistent poverty. Using a standard … poverty damages the ability to exercise self-control. Our theory invokes George Ainslie's notion of "personal rules … assets above which personal rules support unbounded accumulation, and a second threshold below which there is a "poverty trap …

Persistent link: https://www.econbiz.de/10010951196

Addiction and Cue-Conditioned Cognitive Processes

Bernheim, B. Douglas; Rangel, Antonio - National Bureau of Economic Research (NBER) - 2002

We propose an economic theory of addiction based on the premise that cognitive mechanisms such as attention affect behavior independently of preferences. We argue that the theory is consistent with foundational evidence (e.g. from neurosciencee and psychology) concerning the nature of...

Persistent link: https://www.econbiz.de/10005828967

Behavioral Public Economics: Welfare and Policy Analysis with Non-Standard Decision-Makers

Bernheim, B. Douglas; Rangel, Antonio - National Bureau of Economic Research (NBER) - 2005

This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...

Persistent link: https://www.econbiz.de/10005829485

What Accounts for the Variation in Retirement Wealth Among U.S. Households?

Bernheim, B. Douglas; Skinner, Jonathan; Weinberg, Steven - National Bureau of Economic Research (NBER) - 1997

Household survey data consistently depict large variations in saving and wealth among households with similar socio-economic characteristics. Within the context of the life" cycle hypothesis, families with identical lifetime resources might choose to accumulate" different levels of wealth for a...

Persistent link: https://www.econbiz.de/10005777937

What's Psychology Worth? A Field Experiment in the Consumer Credit Market

Bertrand, Marianne; Mullainathan, Sendhil; Zinman, Jonathan - National Bureau of Economic Research (NBER) - 2005

Numerous laboratory studies find that minor nuances of presentation and description change behavior in ways that are inconsistent with standard economic models. How much do these context effect matter in natural settings, when consumers make large, real decisions and have the opportunity to...

Persistent link: https://www.econbiz.de/10005778075

List Randomization for Sensitive Behavior: An Application for Measuring Use of Loan Proceeds

Karlan, Dean; Zinman, Jonathan - National Bureau of Economic Research (NBER) - 2011

Policymakers and microfinance institutions (MFIs) often claim to target poor entrepreneurs who then invest loan proceeds in their businesses. Typically in nonresearch settings these claims are assessed using readily available but unverified self-reports from client loan applications....

Persistent link: https://www.econbiz.de/10009328106

Financial Education and Access to Savings Accounts: Complements or Substitutes? Evidence from Ugandan Youth Clubs

Karlan, Dean; Zinman, Jonathan; Jamison, Julian C. - National Bureau of Economic Research (NBER) - 2014

Evidence on the effectiveness of financial education and formal savings account access is lacking, particularly for youth. We randomly assign 250 youth clubs to receive either financial education, access to a cheap group account, or both. The financial education treatments increase financial...

Persistent link: https://www.econbiz.de/10010796540

Forecasting Profitability

Rosenzweig, Mark; Udry, Christopher - National Bureau of Economic Research (NBER) - 2013

We use newly-available Indian panel data to estimate how the returns to planting-stage investments vary by rainfall realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a substantial fraction of the inter-annual...

Persistent link: https://www.econbiz.de/10010796654

Follow the Money: Methods for Identifying Consumption and Investment Responses to a Liquidity Shock

Karlan, Dean; Zinman, Jonathan; Osman, Adam - National Bureau of Economic Research (NBER) - 2013

Identifying the impacts of liquidity shocks on spending decisions is difficult methodologically but important for theory, practice, and policy. Using seven different methods on microenterprise loan applicants, we find striking results. Borrowers report uses of loan proceeds strategically, and...

Persistent link: https://www.econbiz.de/10010796676

Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco

Angelucci, Manuela; Karlan, Dean; Zinman, Jonathan - National Bureau of Economic Research (NBER) - 2014

Theory and evidence have raised concerns that microcredit does more harm than good, particularly when offered at high interest rates. We use a clustered randomized trial, and household surveys of eligible borrowers and their businesses, to estimate impacts from an expansion of group lending at...

Persistent link: https://www.econbiz.de/10010796722