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Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We describe models of intertemporal choice, identify empirical regularities in choice, and pose new questions for research. The focus for intertemporal choice research is no longer whether the exponential...
Persistent link: https://www.econbiz.de/10014023383
We designed a commitment savings product for a Philippine bank and implemented it using a randomized control methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who were sophisticated enough to engage in such a mechanism....
Persistent link: https://www.econbiz.de/10011612543
, the strength of temptation and the cost of self-control do not affect the extensive margin. Hence, present …
Persistent link: https://www.econbiz.de/10012206092
preferences featuring temptation and self-control. The model can capture two contrasting views: the positive view, which links … increase in indebtedness. The welfare implication is strikingly dif- ferent from the standard model without temptation, which … welfare gains from a tighter borrowing limit than in 2000s, theoptimal borrowing limit is tighter according to the temptation …
Persistent link: https://www.econbiz.de/10011756832
Procrastination produces harmful effects for human capital investments and studying activities. Using data from a large … sample of Italian undergraduates, we measure procrastination with the actual behaviour of students, considering the delay in … finalizing their university enrolment procedure. We firstly show that procrastination is a strong predictor of students …
Persistent link: https://www.econbiz.de/10010257601
), the procrastination of learning can occur even when the learning cost is zero. The procrastination also leads to a non …
Persistent link: https://www.econbiz.de/10012118521
Persistent link: https://www.econbiz.de/10015048858
structural change from a polluting to a non polluting production sector into the future (ex ante procrastination). The … consequences of ex ante procrastination are discussed for three different behavioral patterns. I show that, depending on the … assumed behavioral regime, ex ante procrastination may lead to ex post procrastination, i.e. de facto no investment in the non …
Persistent link: https://www.econbiz.de/10003245521
The model of time-inconsistent procrastination by O'Donoughe and Rabin shows that individuals who are not aware of …
Persistent link: https://www.econbiz.de/10011648423
Defaults have been shown to have a powerful effect on retirement saving behavior yet there is limited research on who is most affected by defaults and whether this varies based on features of the choice environment. Using administrative data on employer-sponsored retirement accounts linked to...
Persistent link: https://www.econbiz.de/10012056946