Quasi-Hyperbolic Discounting and the Existence of Time-Inconsistent Retirement
نویسندگان
چکیده
منابع مشابه
Q uasi - hyperbolic discounting and retirement
Some people have self-control problems regularly. This paper adds endogenous retirement to Laibson’s quasi-hyperbolic discounting savings model [Quarterly Journal of Economics 112 (1997) 443–477]. Earlier selves think that the deciding self tends to retire too early and may save less to induce later retirement. Still earlier selves may think the pre-retirement self does this too much, saving mo...
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Article history: Received 6 September 2013 Available online 8 December 2014 JEL classification: D74 D90
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ژورنال
عنوان ژورنال: Theoretical Economics Letters
سال: 2013
ISSN: 2162-2078,2162-2086
DOI: 10.4236/tel.2013.32019