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Kantian optimization with quasi-hyperbolic discounting

Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022

We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal self acts in a way that they would like every future self to act. We introduce the notion of a Kantian policy as an outcome of Kantian optimization in a given class of policies. We...

Persistent link: https://www.econbiz.de/10013255890

The Store-of-Value-Function of Money as a Component of Household Risk Management

Größl, Ingrid; Fritsche, Ulrich - 2007

exponential utility allows us to derive an explicit relationship between optimal money holdings, the household?s desire to tilt …

Persistent link: https://www.econbiz.de/10010273728

Are the Japanese unique? : evidence from household saving and bequest behavior

Horioka, Charles - 2016

In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced …

Persistent link: https://www.econbiz.de/10011478422

Does the selfish life-cycle model apply in the case of Japan?

Horioka, Charles - 2020

the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the …

Persistent link: https://www.econbiz.de/10012195738

Why do Europeans save? : micro-evidence from the household finance and consumption survey

Horioka, Charles; Ventura, Luigi - 2024

In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and … most important saving motive of European households when the proportion of households saving for each motive is used as the … criterion to rank them but that the retirement motive is the most important saving motive of European households if the …

Persistent link: https://www.econbiz.de/10015047840