Saving and Dissaving With Hyperbolic Discounting
Is the standard hyperbolic-discounting model capable of robust qualitative predictions for savings behavior? Despite results suggesting a negative answer, we provide a positive one. We give conditions under which all Markov equilibria display either saving at all wealth levels or dissaving at all we...
| Main Authors: | , |
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| Other Authors: | , |
| Format: | Article |
| Language: | English |
| Published: |
Econometric Society,
2020-08-28T14:20:30Z.
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| Subjects: | |
| Online Access: | Get fulltext |