Showing 1 - 10 of 31,895
Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth …, coherently with the model's prediction, growth has a significant impact on the effort to teach patience. … influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural …
Persistent link: https://www.econbiz.de/10013353441
Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth …, coherently with the model's prediction, growth has a significant impact on the effort to teach patience. … influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural …
Persistent link: https://www.econbiz.de/10013285513
Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth …, coherently with the model's prediction, growth has a significant impact on the effort to teach patience. … influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural …
Persistent link: https://www.econbiz.de/10014550324
Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth …, coherently with the model’s prediction, growth has a significant impact on the effort to teach patience … influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural …
Persistent link: https://www.econbiz.de/10014081043
This paper examines the national savings behaviour in the process of economic growth through a comparative analysis of … 'virtuous circle' between growth and savings, with growth initiating the savings transition. No evidence to suggest that a prior … phase of promoting savings through specific policy initiatives is needed to initiate the process of growth and structural …
Persistent link: https://www.econbiz.de/10014322662
This paper examines the national savings behaviour in the process of economic growth through a comparative analysis of … 'virtuous circle' between growth and savings, with growth initiating the savings transition. No evidence to suggest that a prior … phase of promoting savings through specific policy initiatives is needed to initiate the process of growth and structural …
Persistent link: https://www.econbiz.de/10013479526
Most economic models assume that time preferences are stable over time, but the evidence on their long-term stability is lacking. We study whether and how time preferences change over the life cycle, exploiting representative long-term panel data. We provide new evidence that discount rates...
Persistent link: https://www.econbiz.de/10012581998
Planning for retirement and subsequent execution of the plan are difficult, but essential for financial security in old age. To formally analyse the interplay between planning and self-control, I introduce cognitive costs of formulating a plan into the dual-self model of impulse control. The...
Persistent link: https://www.econbiz.de/10013162010
We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal …
Persistent link: https://www.econbiz.de/10013353402
We study the role of expectations of naive agents in a general equilibrium version of the Ramsey model with quasi-hyperbolic discounting. When agents recognize others' naivete, as strongly suggested by empirical evidence, they revise consumption paths, correctly anticipating prices in a...
Persistent link: https://www.econbiz.de/10013353458