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Empirical Determinants of Intertemporal Choice / Jeffrey R. Brown, Zoran Ivković, Scott Weisbenner.
- Format:
- Book
- Author/Creator:
- Brown, Jeffrey R.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w18755.
- NBER working paper series no. w18755
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2013.
- Summary:
- We study the empirical determinants of intertemporal choice by analyzing a unique decision Croatian retirees made recently about whether to accept an immediate pension payment or a larger stream of delayed payments. Individual decisions are correlated in sensible ways with income, liquidity constraints, longevity expectations, and other covariates. Attitudes toward government also matter: those less confident that the government will honor its commitments are more likely to take the immediate stream of payments. Those who believe it is important to receive "the full amount due, no matter how long it takes" are substantially more likely to take the delayed payments.
- Notes:
- Print version record
- February 2013.
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