distinguish between economies with rational and hyperbolic consumers and compare the consequences of voluntary and mandatory …

distinguish between economies with rational and hyperbolic consumers and compare the consequences of voluntary and mandatory …

distinguish between economies with rational and hyperbolic consumers and compare the consequences of voluntary and mandatory …

negative liquidity effects for young households and the provision of a commitment technology for present-biased hyperbolic … consumers. Our simulations indicate that the positive effects of social security dominate the negative ones for a wide range of …

negative liquidity effects for young households and the provision of a commitment technology for present-biased hyperbolic … consumers. Our simulations indicate that the positive effects of social security dominate the negative ones for a wide range of …

security yields an efficiency loss of roughly 0.6 percent of initial resources, while in economies with hyperbolic consumers …