메뉴 건너뛰기




Volumn , Issue , 2003, Pages 258-297

Hyberbolic discounting and consumption

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84927970483     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1017/CBO9780511610240.009     Document Type: Chapter
Times cited : (41)

References (80)
  • 1
    • 0003934109 scopus 로고
    • Cambridge UK: Cambridge University Press
    • Ainslie, G. (1992), Picoeconomics. Cambridge UK: Cambridge University Press.
    • (1992) Picoeconomics
    • Ainslie, G.1
  • 3
    • 0000258689 scopus 로고
    • Testing the Response of Consumption to Income Changes with (Noisy) Panel Data
    • Altonji, J. and A. Siow (1987), “Testing the Response of Consumption to Income Changes with (Noisy) Panel Data,”Quarterly Journal of Economics, 102(2), 293–328.
    • (1987) Quarterly Journal of Economics , vol.102 , Issue.2 , pp. 293-328
    • Altonji, J.1    Siow, A.2
  • 7
    • 0001654817 scopus 로고
    • Consumption Growth, the Interest Rate, and Aggregation
    • Attanasio, O. and G. Weber (1993), “Consumption Growth, the Interest Rate, and Aggregation,” Review of Economic Studies, 60(3), 631–649.
    • (1993) Review of Economic Studies , vol.60 , Issue.3 , pp. 631-649
    • Attanasio, O.1    Weber, G.2
  • 8
    • 0029528442 scopus 로고
    • Is Consumption Growth Consistent with Intertem-poral Optimization? Evidence from the Consumer Expenditure Survey
    • Attanasio, O. and G. Weber (1995), “Is Consumption Growth Consistent with Intertem-poral Optimization? Evidence from the Consumer Expenditure Survey,” Journal of Political Economy, 103(6), 1121–1157.
    • (1995) Journal of Political Economy , vol.103 , Issue.6 , pp. 1121-1157
    • Attanasio, O.1    Weber, G.2
  • 10
    • 0039130984 scopus 로고    scopus 로고
    • LaibsonMeets Ramseyinthe NeoclassicalGrowth Model
    • Barro, R.(1999), “LaibsonMeets Ramseyinthe NeoclassicalGrowth Model,”Quarterly Journal of Economics, 114(4), 1125–1152.
    • (1999) Quarterly Journal of Economics , vol.114 , Issue.4 , pp. 1125-1152
    • Barro, R.1
  • 13
    • 84963014984 scopus 로고
    • Consumer Demand and the Life-Cycle Allocation of Household Expenditures
    • Blundell, R., M. Browning, and C. Meghir (1994), “Consumer Demand and the Life-Cycle Allocation of Household Expenditures,” Review of Economic Studies, 61, 57–80.
    • (1994) Review of Economic Studies , vol.61 , pp. 57-80
    • Blundell, R.1    Browning, M.2    Meghir, C.3
  • 14
    • 0034089605 scopus 로고    scopus 로고
    • The Value of Information when Preferences are Dynamically Inconsistent
    • Brocas, I. and J. Carrillo (2000), “The Value of Information when Preferences are Dynamically Inconsistent,” European Economic Review, 44, 1104–1115.
    • (2000) European Economic Review , vol.44 , pp. 1104-1115
    • Brocas, I.1    Carrillo, J.2
  • 15
    • 0035611365 scopus 로고    scopus 로고
    • Rush and Procrastination under Hyperbolic Discounting and Interdependent Activities
    • Brocas, I. and J. Carrillo (2001), “Rush and Procrastination under Hyperbolic Discounting and Interdependent Activities,” Journal of Risk and Uncertainty, 22, 141–164.
    • (2001) Journal of Risk and Uncertainty , vol.22 , pp. 141-164
    • Brocas, I.1    Carrillo, J.2
  • 16
    • 0001345904 scopus 로고    scopus 로고
    • Household Saving: Micro Theories and Micro Facts
    • Browning, M. and A. Lusardi (1996), “Household Saving: Micro Theories and Micro Facts,” Journal of Economic Literature, 32, 1797–1855.
    • (1996) Journal of Economic Literature , vol.32 , pp. 1797-1855
    • Browning, M.1    Lusardi, A.2
  • 18
    • 0039921869 scopus 로고
    • The Buffer Stock Theory of Saving: Some Macroeconomic Evidence
    • Carroll, C. D. (1992), “The Buffer Stock Theory of Saving: Some Macroeconomic Evidence,” Brookings Papers on Economic Activity, 2, 61–156.
    • (1992) Brookings Papers on Economic Activity , vol.2 , pp. 61-156
    • Carroll, C.D.1
  • 19
    • 0038969196 scopus 로고    scopus 로고
    • Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
    • Carroll, C. D. (1997), “Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis,” Quarterly Journal of Economics, 112, 1–57.
    • (1997) Quarterly Journal of Economics , vol.112 , pp. 1-57
    • Carroll, C.D.1
  • 20
    • 0030370039 scopus 로고    scopus 로고
    • On the Concavity of the Consumption Function
    • Carroll, C. D. and M. Kimball (1996), “On the Concavity of the Consumption Function,” Econometrica, 64(4), 981–992.
    • (1996) Econometrica , vol.64 , Issue.4 , pp. 981-992
    • Carroll, C.D.1    Kimball, M.2
  • 21
    • 27844539379 scopus 로고
    • Relative and Absolute Strengths of Response as a Function of Frequency of Reinforcement
    • Chung, S.-H. and R. J. Herrnstein (1961), “Relative and Absolute Strengths of Response as a Function of Frequency of Reinforcement,” Journal of the Experimental Analysis of Animal Behavior, 4, 267–272.
    • (1961) Journal of the Experimental Analysis of Animal Behavior , vol.4 , pp. 267-272
    • Chung, S.-H.1    Herrnstein, R.J.2
  • 22
    • 0001517908 scopus 로고
    • Saving and Liquidity Constraints
    • Deaton, A. (1991), “Saving and Liquidity Constraints,” Econometrica, 59, 1221–1248.
    • (1991) Econometrica , vol.59 , pp. 1221-1248
    • Deaton, A.1
  • 32
    • 0035621462 scopus 로고    scopus 로고
    • Is Addiction ‘Rational’?: Theory and Evidence
    • Gruber, J. and B. Koszegi (2001), “Is Addiction ‘Rational’?: Theory and Evidence,” Quarterly Journal of Economics, 116, 1261–1303.
    • (2001) Quarterly Journal of Economics , vol.116 , pp. 1261-1303
    • Gruber, J.1    Koszegi, B.2
  • 33
    • 0000155749 scopus 로고
    • Stochastic Implications of the Life Cycle–Permanent Income Hypothesis: Theory and Evidence
    • Hall, R. E. (1978), “Stochastic Implications of the Life Cycle–Permanent Income Hypothesis: Theory and Evidence,” Journal of Political Economy, 86(6), 971–987.
    • (1978) Journal of Political Economy , vol.86 , Issue.6 , pp. 971-987
    • Hall, R.E.1
  • 34
    • 0001075117 scopus 로고
    • The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households
    • Hall, R. E. and F. S. Mishkin (1982), “The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households,” Econometrica, 50(2), 461–481.
    • (1982) Econometrica , vol.50 , Issue.2 , pp. 461-481
    • Hall, R.E.1    Mishkin, F.S.2
  • 35
    • 0001515936 scopus 로고    scopus 로고
    • Dynamic Choices of Hyperbolic Consumers
    • Harris, C. and D. Laibson (2001a), “Dynamic Choices of Hyperbolic Consumers,” Econometrica, 69, 935–957.
    • (2001) Econometrica , vol.69 , pp. 935-957
    • Harris, C.1    Laibson, D.2
  • 37
    • 84959747575 scopus 로고
    • The Permanent Income Hypothesis and Consumption Durability: Analysis Based on Japanese Panel Data
    • Hayashi, F. (1985), “The Permanent Income Hypothesis and Consumption Durability: Analysis Based on Japanese Panel Data,” Quarterly Journal of Economics, 100(4), 1083–1113.
    • (1985) Quarterly Journal of Economics , vol.100 , Issue.4 , pp. 1083-1113
    • Hayashi, F.1
  • 38
    • 43949150550 scopus 로고
    • The Importanceof Precautionary Motives in Explaining Individual and Aggregate Saving
    • Hubbard, G. J. Skinner, and S. Zeldes (1994), “The Importanceof Precautionary Motives in Explaining Individual and Aggregate Saving,” Carnegie–Rochester Conference Series on Public Policy, 40, 59–125.
    • (1994) Carnegie–Rochester Conference Series on Public Policy , vol.40 , pp. 59-125
    • Hubbard, G.J.S.1    Zeldes, S.2
  • 40
    • 38249035433 scopus 로고
    • Choice in a Self-Control Paradigm with Human Subjects: Effects of Changeover Delay Duration
    • King, G. R. and A. W. Logue (1987), “Choice in a Self-Control Paradigm with Human Subjects: Effects of Changeover Delay Duration,” Learning and Motivation, 18, 421–438.
    • (1987) Learning and Motivation , vol.18 , pp. 438
    • King, G.R.1    Logue, A.W.2
  • 41
    • 0031510222 scopus 로고    scopus 로고
    • Bidding on the Future: Evidence Against Normative Discounting of Delayed Rewards
    • Kirby, K. N. (1997), “Bidding on the Future: Evidence Against Normative Discounting of Delayed Rewards,” Journal of Experimental Psychology, 126, 54–70.
    • (1997) Journal of Experimental Psychology , vol.126 , pp. 54-70
    • Kirby, K.N.1
  • 42
    • 84994998500 scopus 로고
    • Preference Reversals DuetoMyopic Discounting of Delayed Reward
    • Kirby, K. and R.J. Herrnstein (1995), “Preference Reversals DuetoMyopic Discounting of Delayed Reward,” Psychological Science, 6(2), 83–89.
    • (1995) Psychological Science , vol.6 , Issue.2 , pp. 83-89
    • Kirby, K.1    Herrnstein, R.J.2
  • 43
    • 0002001520 scopus 로고
    • Modeling Myopic Decisions: Evidence for Hyperbolic Delay-Discounting within Subjects and Amounts
    • Kirby, K. and N. N. Marakovic (1995), “Modeling Myopic Decisions: Evidence for Hyperbolic Delay-Discounting within Subjects and Amounts,” Organizational Behavior and Human Decision Processes, 64(1), 22–30.
    • (1995) Organizational Behavior and Human Decision Processes , vol.64 , Issue.1 , pp. 22-30
    • Kirby, K.1    Marakovic, N.N.2
  • 44
  • 48
    • 0004275335 scopus 로고
    • Ph.D. Dissertation, Massachusetts Institute of Technology
    • Laibson, D. I. (1994), “Self-Control and Savings,” Ph.D. Dissertation, Massachusetts Institute of Technology.
    • (1994) Self-Control and Savings
    • Laibson, D.I.1
  • 50
    • 0038969032 scopus 로고    scopus 로고
    • Golden Eggs and Hyperbolic Discounting
    • Laibson, D. I. (1997a), “Golden Eggs and Hyperbolic Discounting,” Quarterly Journal of Economics, 112(2), 443–478.
    • (1997) Quarterly Journal of Economics , vol.112 , Issue.2 , pp. 443-478
    • Laibson, D.I.1
  • 52
    • 84927972137 scopus 로고    scopus 로고
    • by James M. Poterba, Steven F. Venti, and David A. Wise, in Studies, in the Economics of Aging, (ed.byDavidA.Wise), Chicago: NBER and the University, of Chicago Press
    • Laibson, D. I. (1998), “Comments on Personal Retirement Saving Programs and Asset Accumulation,” by James M. Poterba, Steven F. Venti, and David A. Wise, in Studies in the Economics of Aging, (ed.byDavidA.Wise), Chicago: NBER and the University of Chicago Press, 106–124.
    • (1998) Comments on Personal Retirement Saving Programs and Asset Accumulation , pp. 106-124
    • Laibson, D.I.1
  • 55
    • 84960566726 scopus 로고
    • Anomalies in Intertemporal Choice: Evidence and an Interpretation
    • Loewenstein, G. and D. Prelec (1992), “Anomalies in Intertemporal Choice: Evidence and an Interpretation,” Quarterly Journal of Economics, 97, 573–598.
    • (1992) Quarterly Journal of Economics , vol.97 , pp. 573-598
    • Loewenstein, G.1    Prelec, D.2
  • 56
    • 0030526068 scopus 로고    scopus 로고
    • Permanent Income, Current Income, and Consumption; Evidence from Two Panel Data Sets
    • Lusardi, A. (1996), “Permanent Income, Current Income, and Consumption; Evidence from Two Panel Data Sets,” Journal of Business and Economic Statistics, 14, 81–90.
    • (1996) Journal of Business and Economic Statistics , vol.14 , pp. 81-90
    • Lusardi, A.1
  • 61
    • 0001704483 scopus 로고
    • Negative Reinforcement and Choice in Humans
    • Navarick, D. J. (1982), “Negative Reinforcement and Choice in Humans,” Learning and Motivation, 13, 361–377.
    • (1982) Learning and Motivation , vol.13 , pp. 361-377
    • Navarick, D.J.1
  • 65
    • 0000040951 scopus 로고    scopus 로고
    • The Reaction of Household Consumption to Predictable Changes in Social Security Taxes
    • Parker, J. A. (1999), “The Reaction of Household Consumption to Predictable Changes in Social Security Taxes,” American Economic Review, 89, 959–973.
    • (1999) American Economic Review , vol.89 , pp. 959-973
    • Parker, J.A.1
  • 66
    • 84963075943 scopus 로고
    • On Second-Best National Saving and Game-Equilibrium Growth
    • Phelps, E. S. and R. A. Pollak (1968), “On Second-Best National Saving and Game-Equilibrium Growth,” Review of Economic Studies, 35, 185–199.
    • (1968) Review of Economic Studies , vol.35 , pp. 185-199
    • Phelps, E.S.1    Pollak, R.A.2
  • 67
    • 0001131206 scopus 로고
    • A Mathematical Theory of Saving
    • Ramsey, F. (1928), “A Mathematical Theory of Saving,” Economic Journal, December, 38, 543–559.
    • (1928) Economic Journal, December , vol.38 , pp. 543-559
    • Ramsey, F.1
  • 68
    • 0039979715 scopus 로고
    • How to Get Ready for Retirement: Save, Save, Save
    • Rankin, D. M. (1993), “How to Get Ready for Retirement: Save, Save, Save,” New York Times, March 13, 33.
    • (1993) New York Times, March , vol.13 , pp. 33
    • Rankin, D.M.1
  • 70
    • 44949275901 scopus 로고
    • Liquidity Constraints and the Permanent-Income Hypothesis: Evidence from Panel Data
    • Runkle, D. (1991), “Liquidity Constraints and the Permanent-Income Hypothesis: Evidence from Panel Data,” Journal of Monetary Economics, 27(1), 73–98.
    • (1991) Journal of Monetary Economics , vol.27 , Issue.1 , pp. 73-98
    • Runkle, D.1
  • 71
    • 0000353987 scopus 로고
    • Consumer Response to the Timing of Income: Evidence from a Change in Tax Withholding
    • Shapiro, M. D. and J. Slemrod (1995), “Consumer Response to the Timing of Income: Evidence from a Change in Tax Withholding,” American Economic Review, 85(1), 274–283.
    • (1995) American Economic Review , vol.85 , Issue.1 , pp. 274-283
    • Shapiro, M.D.1    Slemrod, J.2
  • 72
    • 0001885680 scopus 로고
    • Union Contracts and the Life-Cycle/Permanent Income Hypothesis
    • Shea, J. (1995), “Union Contracts and the Life-Cycle/Permanent Income Hypothesis,” American Economic Review, 85(1), 186–200.
    • (1995) American Economic Review , vol.85 , Issue.1 , pp. 186-200
    • Shea, J.1
  • 74
    • 0000660646 scopus 로고    scopus 로고
    • The ResponseofHousehold ConsumptiontoIncomeTaxRefunds
    • Souleles, N.(1999),“The ResponseofHousehold ConsumptiontoIncomeTaxRefunds,” American Economic Review, 89, 947–958.
    • (1999) American Economic Review , vol.89 , pp. 947-958
    • Souleles, N.1
  • 75
    • 84963071606 scopus 로고
    • Myopia and Inconsistency in Dynamic Utility Maximization
    • Strotz, R. H. (1956), “Myopia and Inconsistency in Dynamic Utility Maximization,” Review of Economic Studies, 23, 165–180.
    • (1956) Review of Economic Studies , vol.23 , pp. 165-180
    • Strotz, R.H.1
  • 76
    • 0000673030 scopus 로고
    • Some Empirical EvidenceonDynamic Inconsistency
    • Thaler, R.H.(1981), “Some Empirical EvidenceonDynamic Inconsistency,”Economics Letters, 8, 201–207.
    • (1981) Economics Letters , vol.8 , pp. 201-207
    • Thaler, R.H.1
  • 77
    • 0040865657 scopus 로고    scopus 로고
    • (1992), “Saving, Fungibility, and Mental Accounts
    • Princeton, NJ: Princeton University Press
    • Thaler, R. H. (1992), “Saving, Fungibility, and Mental Accounts,” in The Winner’s Curse, Princeton, NJ: Princeton University Press, 107–121.
    • The Winner’s Curse , pp. 107-121
    • Thaler, R.H.1
  • 79
    • 84936047538 scopus 로고
    • Consumption and Liquidity Constraints: An Empirical Investigation
    • Zeldes, S. P. (1989a), “Consumption and Liquidity Constraints: An Empirical Investigation,” Journal of Political Economy, 97(2), 305–346.
    • (1989) Journal of Political Economy , vol.97 , Issue.2 , pp. 305-346
    • Zeldes, S.P.1
  • 80
    • 2942757485 scopus 로고
    • Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence
    • Zeldes, S. P. (1989b), “Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence,” Quarterly Journal of Economics, 104(2), 275–298.
    • (1989) Quarterly Journal of Economics , vol.104 , Issue.2 , pp. 275-298
    • Zeldes, S.P.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.