The Personal Discount Rate: Evidence from Military Downsizing Programs

By J. Warner, Saul Pleeter. 2001

635 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Defined Contribution Pension Plans: Determinants of Participation and Contributions Rates (2007, result): “The gender difference also transpires from Figure 12: Relatively more women save, and they save more than men, a result consistent with the findings of Warner and Pleeter (2001) who study US military personnel offered a choice between a lump sum and an annuity upon release from the US armed forces.”
Aggregation of Heterogeneous Time Preferences (2005, background): “For example, Warner and Pleeter (2001) found that individual discount rates vary between 0% and 70% per year.”
What Determines Annuity Demand at Retirement? (2012, neutral): “See also Warner and Pleeter (2001) for a similar result.”
Discounting and the social cost of carbon: A closer look at uncertainty (2006, background): “Warner and Pleeter (2001), for instance, found that individual discount rates can vary between 0% and 30%.”
Cost-effectiveness of plug-in hybrid electric vehicle battery capacity and charging infrastructure investment for reducing US gasoline consumption (2013, background): “It found that discount rates varied considerably among service members depending on whether they were enlisted or officers (Warner and Pleeter, 2001).”
Present-bias, quasi-hyperbolic discounting, and fixed costs (2010, positive): “More recently , Warner and Pleeter ( 2001 ) estimate discount rates above 20% from a military downsizing program .”