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This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current pension payments in Germany and to what extent the existence and the magnitude of these reduction rates influence people s retirement planning. First, by evaluating a large...
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, time and ambiguity preferences. We exploit the historical episode of the construction of the separation wall between the … State of Israel and the West Bank as an exogenous shock to test changes in fundamental preferences. We find that the wall … affects preferences: people in isolated communities are significantly more risk-tolerant and ambiguity-averse than people who …
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We examine subsidies for health care when consumers have present-biased preferences, which lead them to underestimate …
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