Saving and Dissaving With Hyperbolic Discounting
Author
Abstract
Suggested Citation
DOI: 10.3982/ECTA15112
Download full text from publisher
Other versions of this item:
- Dan Cao & Iván Werning, 2018. "Saving and Dissaving with Hyperbolic Discounting," NBER Working Papers 24257, National Bureau of Economic Research, Inc.
- Ivan Werning & Dan Cao, 2017. "Saving and Dissaving with Hyperbolic Discounting," 2017 Meeting Papers 1318, Society for Economic Dynamics.
References listed on IDEAS
- Marina Halac & Pierre Yared, 2014.
"Fiscal Rules and Discretion Under Persistent Shocks,"
Econometrica, Econometric Society, vol. 82, pages 1557-1614, September.
- Marina Halac & Pierre Yared, 2014. "Fiscal Rules and Discretion Under Persistent Shocks," Econometrica, Econometric Society, vol. 82(5), pages 1557-1614, September.
- Marina Halac & Pierre Yared, 2012. "Fiscal Rules and Discretion under Persistent Shocks," NBER Working Papers 18545, National Bureau of Economic Research, Inc.
- Halac, Marina & Yared, Pierre, 2012. "Fiscal Rules and Discretion under Persistent Shocks," Economic Research Papers 270535, University of Warwick - Department of Economics.
- Halac, Marina & Yared, Pierre, 2013. "Fiscal Rules and Discretion under Persistent Shocks," The Warwick Economics Research Paper Series (TWERPS) 1014, University of Warwick, Department of Economics.
- Krusell, Per & Kuruscu, Burhanettin & Smith, Anthony Jr., 2002.
"Equilibrium Welfare and Government Policy with Quasi-geometric Discounting,"
Journal of Economic Theory, Elsevier, vol. 105(1), pages 42-72, July.
- Per Krusell & Burhanettin Kuruscu & Anthony A. Smtih, Jr., "undated". "Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting," GSIA Working Papers 2001-06, Carnegie Mellon University, Tepper School of Business.
- Smith Jr., Anthony A & Kuruscu, Burhanettin, 2001. "Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting," CEPR Discussion Papers 2693, C.E.P.R. Discussion Papers.
- Per Krusell & Burhanettin Kuruscu & Anthony A. Smith Jr., 2001. "Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting," Temi di discussione (Economic working papers) 413, Bank of Italy, Economic Research and International Relations Area.
- Chatterjee, Satyajit & Eyigungor, Burcu, 2016.
"Continuous Markov equilibria with quasi-geometric discounting,"
Journal of Economic Theory, Elsevier, vol. 163(C), pages 467-494.
- Satyajit Chatterjee & Burcu Eyigungor, 2014. "Continuous Markov equilibria with quasi-geometric discounting," Working Papers 14-6, Federal Reserve Bank of Philadelphia.
- Burcu Eyigungor & Satyajit Chatterjee, 2014. "Continuous Markov Equilibria with Quasi-Geometric Discounting," 2014 Meeting Papers 348, Society for Economic Dynamics.
- Marina Azzimonti, 2011.
"Barriers to Investment in Polarized Societies,"
American Economic Review, American Economic Association, vol. 101(5), pages 2182-2204, August.
- marina, azzimonti, 2009. "Barriers to investment in polarized societies," MPRA Paper 25936, University Library of Munich, Germany.
- Marina Azzimonti, 2009. "Barriers to investment in polarized societies," 2009 Meeting Papers 1233, Society for Economic Dynamics.
- Harris, Christopher & Laibson, David, 2001.
"Dynamic Choices of Hyperbolic Consumers,"
Econometrica, Econometric Society, vol. 69(4), pages 935-957, July.
- Christopher Harris & David Laibson, 1999. "Dynamic Choices of Hyperbolic Consumers," Harvard Institute of Economic Research Working Papers 1886, Harvard - Institute of Economic Research.
- Alberto Alesina & Guido Tabellini, 1990.
"A Positive Theory of Fiscal Deficits and Government Debt,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(3), pages 403-414.
- Tabellini, Guido & Alesina, Alberto, 1990. "A Positive Theory of Fiscal Deficits and Government Debt," Scholarly Articles 3612769, Harvard University Department of Economics.
- E. S. Phelps & R. A. Pollak, 1968. "On Second-Best National Saving and Game-Equilibrium Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(2), pages 185-199.
- Dan Cao & Iván Werning, 2016. "Dynamic Savings Choices with Disagreements," NBER Working Papers 22007, National Bureau of Economic Research, Inc.
- B. Douglas Bernheim & Debraj Ray, 1987. "Economic Growth with Intergenerational Altruism," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 54(2), pages 227-243.
- Robert J. Barro, 1999. "Ramsey Meets Laibson in the Neoclassical Growth Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(4), pages 1125-1152.
- David Laibson, 1997.
"Golden Eggs and Hyperbolic Discounting,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
- Laibson, David I., 1997. "Golden Eggs and Hyperbolic Discounting," Scholarly Articles 4481499, Harvard University Department of Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Gonzalez, Francisco M. & Lazkano, Itziar & Smulders, Sjak A., 2018. "Intergenerational altruism with future bias," Journal of Economic Theory, Elsevier, vol. 178(C), pages 436-454.
- Chatterjee, Satyajit & Eyigungor, Burcu, 2016.
"Continuous Markov equilibria with quasi-geometric discounting,"
Journal of Economic Theory, Elsevier, vol. 163(C), pages 467-494.
- Satyajit Chatterjee & Burcu Eyigungor, 2014. "Continuous Markov equilibria with quasi-geometric discounting," Working Papers 14-6, Federal Reserve Bank of Philadelphia.
- Burcu Eyigungor & Satyajit Chatterjee, 2014. "Continuous Markov Equilibria with Quasi-Geometric Discounting," 2014 Meeting Papers 348, Society for Economic Dynamics.
- Francisco M. Gonzalez & Itziar Lazkano & Sjak A. Smulders, 2017. "Future-biased Intergenerational Altruism," Working Papers 1703, University of Waterloo, Department of Economics, revised Apr 2017.
- Anna Jaśkiewicz & Andrzej S. Nowak, 2021. "Markov decision processes with quasi-hyperbolic discounting," Finance and Stochastics, Springer, vol. 25(2), pages 189-229, April.
- Marina Halac & Pierre Yared, 2017.
"Fiscal Rules and Discretion under Self-Enforcement,"
NBER Working Papers
23919, National Bureau of Economic Research, Inc.
- Pierre Yared, 2018. "Fiscal Rules and Discretion under Self-Enforcement," 2018 Meeting Papers 62, Society for Economic Dynamics.
- Halac, Marina & Yared, Pierre, 2018. "Fiscal Rules and Discretion under Self-Enforcement," CEPR Discussion Papers 12571, C.E.P.R. Discussion Papers.
- Luttmer, Erzo G.J. & Mariotti, Thomas, 2007.
"Efficiency and equilibrium when preferences are time-inconsistent,"
Journal of Economic Theory, Elsevier, vol. 132(1), pages 493-506, January.
- Erzo G J Luttmer & Thomas Mariotti, 2003. "Efficiency and Equilibrium when Preferences are Time-Inconsistent," STICERD - Theoretical Economics Paper Series 446, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Luttmer, Erzo G. J. & Mariotti, Thomas, 2003. "Efficiency and equilibrium when preferences are time-inconsistent," LSE Research Online Documents on Economics 19320, London School of Economics and Political Science, LSE Library.
- Luttmer, Erzo G.J. & Mariotti, Thomas, 2004. "Efficiency and Equilibrium when Preferences are Time-Inconsistent," IDEI Working Papers 335, Institut d'Économie Industrielle (IDEI), Toulouse.
- Hanming Fang & Dan Silverman, 2009.
"Time-Inconsistency And Welfare Program Participation: Evidence From The Nlsy,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(4), pages 1043-1077, November.
- Hanming Fang & Dan Silverman, 2004. "Time-inconsistency and Welfare Program Participation: Evidence from the NLSY," Cowles Foundation Discussion Papers 1465, Cowles Foundation for Research in Economics, Yale University.
- Hanming Fang & Dan Silverman, 2007. "Time-Inconsistency and Welfare Program Participation: Evidence from the NLSY," NBER Working Papers 13375, National Bureau of Economic Research, Inc.
- Lilia Maliar & Serguei Maliar, 2016. "Ruling Out Multiplicity of Smooth Equilibria in Dynamic Games: A Hyperbolic Discounting Example," Dynamic Games and Applications, Springer, vol. 6(2), pages 243-261, June.
- Li, Yuan & Yang, Jinqiang & Zhao, Siqi, 2022. "Present-biased government and sovereign debt dynamics," Journal of Mathematical Economics, Elsevier, vol. 98(C).
- Francisco M. Gonzalez & Itziar Lazkano & Sjak A. Smulders, 2015. "Future-biased government," Working Papers 1502, University of Waterloo, Department of Economics, revised Oct 2015.
- Kirill Borissov & Mikhail Pakhnin & Ronald Wendner, 2020.
"Naive Agents with Quasi-hyperbolic Discounting and Perfect Foresight,"
EUSP Department of Economics Working Paper Series
2020/03, European University at St. Petersburg, Department of Economics.
- Borissov, Kirill & Pakhnin, Mikhail & Wendner, Ronald, 2021. "The Neoclassical Growth Model with Time-Inconsistent Decision Making and Perfect Foresight," MPRA Paper 108336, University Library of Munich, Germany.
- Kirill Borissov & Mikhail Pakhnin & Ronald Wendner, 2021. "The Neoclassical Growth Model with Time-Inconsistent Decision Making and Perfect Foresight," Graz Economics Papers 2021-08, University of Graz, Department of Economics.
- Liya Liu & Yingjie Niu & Yuanping Wang & Jinqiang Yang, 2020. "Optimal consumption with time-inconsistent preferences," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(3), pages 785-815, October.
- Christos Kotsogiannis & Robert Schwager, 2022. "Present bias and externalities: Can government intervention raise welfare?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(3), pages 1480-1506, August.
- Maliar, Lilia & Maliar, Serguei, 2006.
"The Neoclassical Growth Model with Heterogeneous Quasi-Geometric Consumers,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(3), pages 635-654, April.
- Lilia Maliar & Serguei Maliar, 2003. "The Neoclassical Growth Model With Heterogenous Quasi-Geometric Consumers," Working Papers. Serie AD 2003-25, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Marina Halac & Pierre Yared, 2018.
"Fiscal Rules and Discretion in a World Economy,"
American Economic Review, American Economic Association, vol. 108(8), pages 2305-2334, August.
- Marina Halac & Pierre Yared, 2015. "Fiscal Rules and Discretion in a World Economy," NBER Working Papers 21492, National Bureau of Economic Research, Inc.
- Halac, Marina & Yared, Pierre, 2018. "Fiscal Rules and Discretion in a World Economy," CEPR Discussion Papers 12570, C.E.P.R. Discussion Papers.
- Terrence Iverson & Larry Karp, 2021.
"Carbon Taxes and Climate Commitment with Non-constant Time Preference,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(2), pages 764-799.
- Iverson , Terrence & Karp, Larry, 2017. "Carbon taxes and climate commitment with non-constant time preference," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt3hw6s14v, Department of Agricultural & Resource Economics, UC Berkeley.
- Dan Cao & Iván Werning, 2016. "Dynamic Savings Choices with Disagreements," NBER Working Papers 22007, National Bureau of Economic Research, Inc.
- Francisco M. Gonzalez & Itziar Lazkano & Sjak A. Smulders, 2014. "Second-best national saving and growth with intergenerational disagreement," Working Papers 1403, University of Waterloo, Department of Economics, revised Mar 2014.
- Lilia Maliar & Serguei Maliar, 2003. "Heterogeneity In The Degree Of Quasi-Geometric Discounting: The Distributional Implications," Working Papers. Serie AD 2003-28, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Marina Azzimonti, 2018.
"The Politics Of Fdi Expropriation,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 59(2), pages 479-510, May.
- Marina Azzimonti, 2016. "The Politics of FDI Expropriation," NBER Working Papers 22705, National Bureau of Economic Research, Inc.
More about this item
JEL classification:
- D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
- D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- E03 - Macroeconomics and Monetary Economics - - General - - - Behavioral Macroeconomics
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:emetrp:v:86:y:2018:i:3:p:805-857. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/essssea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.