The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income …

The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income …

This paper studies the implications of information-processing limits on the consumption and savings behavior of … implementing consumption plan. Moreover, numerical results show that consumers with processing capacity constraints have asymmetric … savings. I show that the predictions of the model can be effectively used to study the impact of tax reforms on consumers …

This paper analyzes how information-processing limitations affect consumption in a dynamic full-fledged non … model is that consumption responses to wealth shocks are asymmetric, with negative shocks producing faster and stronger … volatility of consumption behavior. (Copyright: Elsevier) …

We designed a commitment savings product for a Philippine bank and implemented it using a randomized control … methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who … for commitment, were indeed significantly more likely to open the commitment savings account. After twelve months, average …

We consider the problem of the optimal use of a good whose consumption can produce damages in the future. Potential …

We designed a commitment savings product for a Philippine bank and implemented it using a randomized control … methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who … for commitment, were indeed significantly more likely to open the commitment savings account. After twelve months, average …