Estimating Discount Functions with Consumption Choices over the Lifecycle

By David Laibson, A. Repetto, Jeremy Tobacman. 2007

462 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/80d58e1821f3de243b5d807473515b9ba756cf2c

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Citations in the corpus

A Reduced-Form Approach to Behavioral Public Finance (2012, background): “In some cases, it might even be welfare improving to implement nudges that actively move individuals away from their private optimum if doing so has benefits to social welfare that overwhelm any private cost.13 13In a way, this observation can be seen as an extension of “The General Theory of Second”
A Model of Focusing in Economic Choice (2011, background): “The former type of situation matches a number of lifestyle choices, including consumption-savings and borrowing behavior (Laibson 1997, Laibson, Repetto and Tobacman 2007, Shui and Ausubel 2004, Skiba and Tobacman 2008, Meier and Sprenger 2010, for example), the consumption of harmful products…”
Behavioral Economics Comes of Age: A Review Essay on Advances in Behavioral Economics (2006, background): “As Laibson et al. (2005) point out, many U.S. households hold credit card debt at high interest rates which suggests a great deal of impatience.”
HYPERBOLIC DISCOUNTING AND POSITIVE OPTIMAL INFLATION (2011, unknown): “Values of between 60% and 70% are standard in the hyperbolic discounting literature, for example, Laibson et al. (2007), but applying to annual data.”
Voting to Tell Others (2014, background): “[27] Laibson, David, Andrea Repetto, and Jeremy Tobacman, (2007).”
Consumer Spending during Unemployment: Positive and Normative Implications (2019, unknown): “To see why present-bias cannot explain the data by itself, we consider a corner case where the household has a degree of present-bias similar to that estimated in prior work (Laibson et al. 2007; DellaVigna et al. 2017).”
Expanding credit access: Using randomized supply decisions to estimate the impacts (2006, unknown): “Our hunger reduction effect fits with evidence in Gertler, Levine, and Moretti (2003) that microcredit helps Indonesian families smooth consumption against health shocks.”