search query: @indexterm Savings / total: 351
reference: 150 / 351
| Author: | Thaler, R. |
| Title: | Psychology and savings policies |
| Journal: | American Economic Review
1994 : MAY, VOL. 84:2, p. 186-192 |
| Index terms: | PSYCHOLOGY SAVINGS POLICY |
| Language: | eng |
| Abstract: | Many observers of the current economic scene are concerned about the low rate of personal saving in the United States. Life-cycle models of saving fail to describe actual household saving in three important ways. This failure of the theory is good news because by incorporating some basic psychology it is possible to enrich the theory and generate specific policy recommendations. In this paper the author begins by characterizing the problems with the theory and then goes on to discussing the implications of modifying the theory. |
SCIMA