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Partial Insurance and Investments in Children
Carneiro, Pedro Manuel - 2015
This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is …
Persistent link: https://www.econbiz.de/10013023770
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Partial insurance and investments in children
Carneiro, Pedro; Ginja, Rita - 2015
This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is …
Persistent link: https://www.econbiz.de/10010510508
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Chapter 10. Conflict and Cooperation Within the Family, and Between the State and the Family, in the Provision of Old-Age Security
Cigno, A. - In: Handbook of the economics of population aging : Volume 1, (pp. 609-660). 2016
The early contributions to the microeconomic literature assume that only market goods yield utility, and that the only way adults can secure the consumption of these goods in old age is by saving. The more recent contributions recognize, however, that the elderly derive utility also from goods...
Persistent link: https://www.econbiz.de/10014023481
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Monetary and social incentives in multi-tasking : the ranking substitution effect
Stefan, Matthias; Huber, Jürgen; Kirchler, Michael; … - 2020
Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a …
Persistent link: https://www.econbiz.de/10012237029
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Monetary and social incentives in multi-tasking : the ranking substitution effect
Stefan, Matthias; Huber, Jürgen; Kirchler, Michael; … - 2020
Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a …
Persistent link: https://www.econbiz.de/10012220112
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Monetary and social incentives in multi-tasking : the ranking substitution effect
Stefan, Matthias; Huber, Jürgen; Kirchler, Michael; … - 2020
Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a …
Persistent link: https://www.econbiz.de/10012224442
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Time inconsistency and retirement choice
Scott, Findley, T.; Caliendo, Frank - 2015
Hyperbolic discounting with naiveté is widely believed to provide a better explanation than exponential discounting of why people borrow so much and why they wait so long to save for retirement. We reach a different set of conclusions. We show that if financial planning is enriched to include...
Persistent link: https://www.econbiz.de/10010479952
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Kantian optimization with quasi-hyperbolic discounting
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022
We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal self acts in a way that they would like every future self to act. We introduce the notion of a Kantian policy as an outcome of Kantian optimization in a given class of policies. We...
Persistent link: https://www.econbiz.de/10013255890
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Be Patient When Measuring Hyperbolic Discounting : Stationarity, Time Consistency and Time Invariance in a Field Experiment
Janssens, Wendy - 2016
Most experimental evidence of hyperbolic discounting is based on violations of either stationarity or time consistency. Stationarity is violated when intertemporal choices differ for trade-offs in the near versus the more distant future. Time consistency on the other hand is violated if the...
Persistent link: https://www.econbiz.de/10013004064
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Be patient when measuring Hyperbolic Discounting : stationarity, time consistency and time invariance in a field experiment
Janssens, Wendy; Kramer, Berber; Swart, Lisette - 2015
Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed in choice experiments. These choice reversals may however also result from time-varying discount rates. Hyperbolic discounting is a plausible explanation for choice reversals...
Persistent link: https://www.econbiz.de/10011307819