Optimal Retirement Policies With Time|Inconsistent Agents

Optimal Retirement Policies With Time-Inconsistent Agents

This paper develops a general theory for the design of retirement policies, like social security and retirement accounts, within a Mirrlees ...

Optimal Retirement Policies with Present-Biased Agents

This paper incorporates quasi–hyperbolic discounting into a Mirrlees taxation model to study the design of retirement policies for present-biased agents.

Optimal insurance for time-inconsistent agents - IDEAS/RePEc

We examine the provision of insurance against non-observable liquidity shocks for time-inconsistent agents who can privately store resources.

Optimal Retirement Policies with Present-Biased Agents - SSRN

This paper incorporates quasi-hyperbolic discounting into a Mirrlees taxation model to study the design of retirement policies for present- ...

Inconsistent Retirement Timing - Journal of Human Resources

They find that hyperbolic discounters plan to retire early but then have to postpone retirement due to insufficient savings. The hyperbolic ...

OPTIMAL RETIREMENT POLICIES WITH PRESENT-BIASED ...

The recent literature on optimal retirement policies with TC agents ... This paper shows how policies can utilize the agents' time inconsistency to increase ...

Optimal Retirement Policies with Present-Biased Agents ...

This paper incorporates quasi–hyperbolic discounting into a Mirrlees taxation model to study the design of retirement policies for present-biased agents.

Inconsistent Retirement Timing - MADOC

sistency arises when a decision-maker chooses an optimal plan at a point in time t but ... “Optimal Retirement Policies with Present-Biased Agents ...

Optimal Retirement Policies Pei Cheng Yu October 24, 2016

In an economy with only time-inconsistent agents, the government can implement the full information efficient allocation. (efficient allocation) ...

Time‐Inconsistent Preferences, Retirement, and Increasing Life ...

Compared to individual with exponential preferences, individual with hyperbolic preferences will choose to retire early for present-biased ...

Optimal Retirement Policies with Present-Biased Agents - Pei ...

... retirement policies for present-biased agents. I show that the government can improve the screening of productivity by exploiting time inconsistency. This ...

Optimal Retirement Policies with Present-Biased Agents | Semantic ...

design of retirement policies for present-biased agents. I show that the government can improve the screening of productivity by exploiting time inconsistency ...

The impact of liquidity constraints and cashflows on the optimal ...

In this work we analytically solve an optimal retirement problem, in which the agent optimally allocates consumption, leisure rate and invests in a risk-free ...

Labor Market Search and Optimal Retirement Policy

market, there are two groups of agents: workers and firms. ... One may interpret this cost as the opportunity cost of working in terms of lost leisure time.

Optimal Retirement Policies with Present-Biased Agents. - EBSCOhost

... retirement policies for present-biased agents. I show that the government can improve the screening of productivity by exploiting time inconsistency. This ...

Time Inconsistent Preferences and Social Security

16 In some unreported experiments retirement is mandatory in the sense that agents are ... Rules rather than discretion: The inconsistency of optimal plans.

[PDF] Paternalism vs Redistribution: Designing Retirement Savings ...

Optimal Retirement Policies With Time-Inconsistent Agents ∗ · P. Yu. Economics. 2017. This paper develops a general theory for the design of retirement ...

Retirement decision with addictive habit persistence in a jump ...

Abstract:This paper investigates the optimal retirement decision, investment, and consumption strategies in a market with jump diffusion, ...

TIME INCONSISTENT PREFERENCES AND SOCIAL SECURITY*

Elderly agents receive social secu- rity benefits that are financed by a payroll tax on workers. At any time after reaching the normal retirement age, they may ...

Optimal asset allocation, consumption and retirement time with the ...

We establish the concise form of the habitual evolutions, and obtain the optimal retirement time and consumption policy based on martingale and duality methods.