Showing 1 - 10 of 1,887
(SHARE), we elicit individual time preferences using competing discounting specifications. With the formulation that best …
Persistent link: https://www.econbiz.de/10014236507
corresponding demand for commitment can be observed even if individuals do not exhibit horizon-specific discounting. In addition …, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor …
Persistent link: https://www.econbiz.de/10013099793
it is quite under-explored in the economics domain. We find that: 1) traditional economic models based on discounting … is allowed; 2) our model, despite considering only a specific (exponential) form of discounting, can explain the data …' around the basic predictions of discounting theories: the deviations are not random and there are clear systematic patterns …
Persistent link: https://www.econbiz.de/10012780545
offender's time discounting. We exploit quasi-experimental variation in sentence length generated by a large collective pardon … in Italy and provide non-parametric evidence on the extent of discounting from the raw data on recidivism and sentence …
Persistent link: https://www.econbiz.de/10012997433
We demonstrate the social efficiency of investing in high-quality early childhood education using newly collected data from the HighScope Perry Preschool Project. The data analyzed are the longest follow-up of any randomized early childhood education program. Annual observations of participant...
Persistent link: https://www.econbiz.de/10014345565
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in …
Persistent link: https://www.econbiz.de/10012764244
market. Even though we allow for a general-hyperbolic specification (which has exponential discounting as a special case …
Persistent link: https://www.econbiz.de/10013122960
We compare different designs that have been used to test for an impact of time horizon on discounting, using real … declining (hyperbolic) discounting, but with other designs find constant or increasing discounting. As a whole, the data are not … consistent with any of these usual candidate discounting assumptions, and they also imply a violation of transitivity. The …
Persistent link: https://www.econbiz.de/10013109435
We revisit the hypothesis that labor market fluctuations are driven by shocks to the discount rate. Using a model in which the UE and the EU rates are endogenous, we show that an increase in the discount rate leads to a decline in both the UE and the EU rates. In the data, though, the UE and EU...
Persistent link: https://www.econbiz.de/10012867149
speeding tickets, speed discounting. Officers partially forgive motorists by writing a lower speed level than the speed that … officers observe. Verifying the level of speed discounting by different groups of officers and motorists and ascertaining the …, particularly African-Americans, are harsher on all motorists but even harsher on minority motorists regarding speed discounting …
Persistent link: https://www.econbiz.de/10012768169