haku: @indexterm TIME PREFERENCE / yhteensä: 10
viite: 5 / 10
| Tekijä: | Laibson, D. |
| Otsikko: | Life-cycle consumption and hyperbolic discount functions |
| Lehti: | European Economic Review
1998 : MAY, VOL. 42:3-5, p. 861-871 |
| Asiasana: | CONSUMPTION SAVINGS TIME PREFERENCE STOCKS MODELS |
| Kieli: | eng |
| Tiivistelmä: | Studies of animal and human behaviour suggest that discount functions are approximately hyperbolic (Ainslie, Picoeconomics, 1992). Hyperbolic models explain a wide range of empirical anomalies. These models also provide a new framework for analyzing the welfare gains that come from pro-saving policies like social security and tax-deferred retirement accounts. |
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