منابع مشابه
Patience
What is patience? Humans and other animals often make decisions that trade off present and future benefits. Should a monkey eat an unripe fruit or wait for it to ripen? Should I purchase the iPhone at its debut or wait for the price to drop in a few months? In these dilemmas, large gains often require long waits, so decision makers must choose between a smaller, sooner reward and a larger, late...
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This paper introduces wealth-dependent time preference into a simple model of endogenous growth. The model generates adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today. Along a virtuous cycle of development more wealth leads to more patience, which leads to more savings and even higher wealth. Savings rates and incom...
متن کاملNormative and non-normative concepts: Paternalism and libertarian paternalism
This chapter concerns the normativity of the concepts of paternalism and libertarian paternalism. The first concept is central to evaluation of public health policy, but its meaning is controversial. The second concept is equally controversial and has received much attention recently. It may or may not shape the future evaluation of public health policy. In order to facilitate honest and fruitf...
متن کاملWelfare and Paternalism
Citizens’ desires to assist the poor reflect a mixture of insurance motives, altruism, and paternalism. Consequently, government policies toward the poor have always been a mixture of income supports and regulations of recipient behavior. Unfortunately, there have been very few analyses of the how these distinct motives interact to generate various policies to the poor. In this paper, we develo...
متن کاملOptimal Paternalism∗
If one accepts some paternalistic objectives, how should this shape policy? This paper addresses this issue by considering the trade-off that results when agents have superior information regarding their own situation and tastes but a paternalistic principal views agents’ tastes as as being biased. Applications include: savings behavior by hyperbolic discounting consumers, schooling choice by t...
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3767701