TIME-INCONSISTENCY AND WELFARE PROGRAM PARTICIPATION: EVIDENCE FROM THE NLSY
نویسندگان
چکیده
منابع مشابه
Time Inconsistency and Welfare Program Participation: Evidence from the Nlsy
We empirically implement a dynamic structural model of labor supply and welfare program participation for agents with potentially time-inconsistent preferences. Using panel data on the choices of single women with children from the NLSY 1979, we provide estimates of the degree of time-inconsistency, and of its influence on the welfare take-up decision. With these estimates, we conduct counterfa...
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This paper applies a model of potentially time-inconsistent preferences to the problem of dynamic labor supply and welfare program participation. From panel data on the choices of single women with children, we provide estimates of the degree of time-inconsistency. With these estimates we can quantify the utility loss stemming from the inability to commit to future decisions, and the potential ...
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As economists introduce more and more cognitive biases into economic models, an important question is whether we can distinguish these biases empirically. We present a simple model of welfare program participation that nests two well-documented cognitive biases: projection bias and present bias. We argue that agents with present bias and projection bias will exhibit di¤erent attitude toward tim...
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ژورنال
عنوان ژورنال: International Economic Review
سال: 2009
ISSN: 0020-6598,1468-2354
DOI: 10.1111/j.1468-2354.2009.00559.x