Showing 1 - 10 of 412
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/10012463277
-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/10012464421
and length of financial planning horizon, smokers are more impatient. However, neither of these measures is significantly … time preference and self-control, i.e., impulsivity and financial planning, are more closely related to the smoking …
Persistent link: https://www.econbiz.de/10012466046
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/10012466077
-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/10012466804
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/10012472165
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/10012480612
This paper begins by identifying nominal price stickiness as the logical basis for the Keynesian or activist point of view concerning demand management policy. It then characterizes two alternative approaches to policy analysis that have been adopted by adherents of the Keynesian position, the...
Persistent link: https://www.econbiz.de/10012476546
conventional and aggregated inflation expectations. Our results chart a new course for designing measurement of inflation …
Persistent link: https://www.econbiz.de/10014436953
demonstrates that publications likely suffer from non-classical measurement error. Using horse race and instrumental variable … models, we confirm that the Gold Standard data are relatively free from measurement error but show that the Clarivate data … suffer from non-classical measurement error. We employ a variety of methods to adjust the Clarivate data for false negatives …
Persistent link: https://www.econbiz.de/10014436975