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Kiessling, Lukas; Chowdhury, Shyamal K.; … - 2021

We study whether and how parents interfere paternalistically in their children’s intertemporal decision-making. Based on experiments with over 2,000 members of 610 families, we find that parents anticipate their children’s present bias and aim to mitigate it. Using a novel method to measure...

Persistent link: https://www.econbiz.de/10013250733

Collective Choice with Heterogeneous Time Preferences

Pakhnin, Mikhail - 2021

between private and common consumption cases. In the private consumption case, we discuss the properties of sequences of … problematic. In the common consumption case, we focus on the problem of collective choice under heterogeneous time preferences …

Persistent link: https://www.econbiz.de/10013222212

Time Preferences Over the Life Cycle and Household Saving Puzzles

Kureishi, Wataru; Paule-Paludkiewicz, Hannah; … - 2021

young and oversaving after retirement. Relative to the model with constant discounting, the model’s fit to consumption and …

Persistent link: https://www.econbiz.de/10013239561

Concentration Bias in Intertemporal Choice

Dertwinkel-Kalt, Markus; Gerhardt, Holger; Riener, Gerhard - 2021

Many intertemporal trade-offs are unbalanced: while the advantages of options are concentrated in a few periods, the disadvantages are dispersed over numerous periods. We provide novel experimental evidence for “concentration bias”, the tendency to overweight advantages that are concentrated...

Persistent link: https://www.econbiz.de/10013232411

Globalization, Time-Preferences, and Populist Voting

Aronsson, Thomas - 2020

Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics model links impatience to voters' appraisals of an income shock due to globalization that is associated with short-run costs and delayed gains. The model shows that impatient...

Persistent link: https://www.econbiz.de/10012826005

Coordination with Differential Time Preferences : Experimental Evidence

Agranov, Marina; Kim, Jeongbin; Yariv, Leeat - 2023

The experimental literature on repeated games has largely focused on settings where players discount the future identically. In applications, however, interactions often occur between players whose time preferences differ. We study experimentally the effects of discounting differentials in...

Persistent link: https://www.econbiz.de/10014348138

Why are Average Hours Worked Lower in Richer Countries?

Bick, Alexander - 2020

explanations: income effects in preferences, in which leisure becomes more valuable when income rises, and distortionary tax …

Persistent link: https://www.econbiz.de/10012834992

Time Variation in Lifecycle Consumption and Income

Aksoy, Yunus - 2020

We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption … profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across …-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display …

Persistent link: https://www.econbiz.de/10012839357

Walking the Tightrope : Avoiding a Lockdown While Containing the Virus

Égert, Balázs; Guillemette, Yvan; Murtin, Fabrice; … - 2021

Empirical work described in this paper explains the daily evolution of the reproduction rate, R, and mobility for a large sample of countries, in terms of containment and public health policies. This is with a view to providing insight into the appropriate policy stance as countries prepare for...

Persistent link: https://www.econbiz.de/10013314744

Bargaining with Intertemporal Maximin Payoffs

Martinet, Vincent - 2019

bargaining theory and mechanisms. We define a framework accounting for the economic environment, which specifies how the set of …

Persistent link: https://www.econbiz.de/10012892119