, weaker restrictions may be a more effective means of changing behavior. We test this using a school-based commitment savings …

, weaker restrictions may be a more effective means of changing behavior. We test this using a school-based commitment savings …

, weaker restrictions may be a more effective means of changing behavior. We test this using a school-based commitment savings …

I study the provision of commitment savings by informal banks to sophisticated hyperbolic discounters. Since a consumer … degree of time-inconsistency. Consequently, commitment savings will lower welfare for moderately time-inconsistent agents. If … loan contracts are enforceable, pure commitment savings will disappear. This will further lower welfare if the lender is a …