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in Europe than is the altruism model …
Persistent link: https://www.econbiz.de/10015056164
In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that Japan's household saving rate showed great volatility,...
Persistent link: https://www.econbiz.de/10011478422
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We study the general equilibrium properties of two growth models with overlapping generations, habit formation and … endogenous fertility. In the neoclassical model, habits modify the economy's growth rate and generate transitional dynamics in … habit coefficient lie within definite boundaries; outside the critical interval, positive growth is associated with either …
Persistent link: https://www.econbiz.de/10003761255
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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/10012418249
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/10012418434