Can Self-Control Explain Avoiding Free Money? Evidence from Interest-Free Student Loans
نویسندگان
چکیده
منابع مشابه
Can Self-Control Explain Avoiding Free Money? Evidence from Interest-Free Student Loans.
This paper uses insights from behavioral economics to explain a particularly surprising borrowing phenomenon: One in six undergraduate students offered interest-free loans turn them down. Models of impulse control predict that students may optimally reject subsidized loans to avoid excessive consumption during school. Using the National Postsecondary Student Aid Study (NPSAS), we investigate st...
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There is a translation into Hebrew: ʸʫʹʬ ʺʥʩʹʩʠ ʺʥʠʺʰʫʹʮʥ ʺʥʠʥʥʬʤ ʺʣʮʶʤ , ʺʩʡʸ ʠʬʬ Abstract A case for linkage without interest to the average wage is presented. The accuracy and stability of index formulae is examined and price linkage is compared to wage linkage. The linkage of personal loans and mortgages and relevant Halachic questions are discussed. It is explained how accounting in terms ...
متن کاملב"ה Interest Free Wage Linkage of Personal Loans and Mortgages
A case for linkage without interest to the average wage is presented. The accuracy and stability of index formulae are examined and price linkage is compared to wage linkage. The linkage of personal loans and mortgages, and relevant Halachic questions are discussed. It is indicated how expressing the value of money in terms of time, can be used as a basis for encouraging honesty and discouragin...
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ژورنال
عنوان ژورنال: Review of Economics and Statistics
سال: 2013
ISSN: 0034-6535,1530-9142
DOI: 10.1162/rest_a_00321