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-hyperbolic discounting savings model, in which each intertemporal self realizes that her time discount structure will lead to preference … changes, and thus plays a game with her future selves. By making retirement endogenous, savings affect both consumption and … do this too much, leading to possible higher saving on their part and eventual early retirement. Thus, the consumption …
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affects the saving behavior of the subjects. Savings are higher when they are incentivized with matching contributions than …We adapt the design of five experimental studies on retirement decision-making and conduct reproductions with a larger … subjects collect retirement benefits as lump-sum instead of annuities, they choose to retire later. The duration of retirement …
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We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal … policies with a constant saving rate for an economy with log-utility and Cobb-Douglas production technology and an economy with … isoelastic utility and linear production technology. In all cases, the Kantian saving rate is higher than the saving rate of …
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