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Job Search and Impatience [PDF]

open access: yes
How does impatience affect job search? More impatient workers search less intensively and set a lower reservation wage. The effect on the exit rate from unemployment is unclear. In this paper we show that, if agents have exponential time preferences, the
M. Daniele Paserman, Stefano DellaVigna
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A general theory of time discounting: The reference-time theory of intertemporal choice [PDF]

open access: yes
We develop a general theory of intertemporal choice: the reference-time theory, RT. RT is a synthesis of ideas from the generalized hyperbolic model (Loewenstein and Prelec 1992), the quasi-hyperbolic model (Phelps and Pollak 1968, Laibson 1997) and ...
Ali al-Nowaihi, Sanjit Dhami
core  

Random Intertemporal Choice [PDF]

open access: yes, 2018
We provide a theory of random intertemporal choice. Agents exhibit stochastic choice over consumption due to preference shocks to discounting attitudes. We first demonstrate how the distribution of these preference shocks can be uniquely identified from ...
Lu, Jay, Saito, Kota
core  

Time Preferences and Job Search: Evidence from France [PDF]

open access: yes
Increasing impatience reduces search efforts of unemployed job seekers and therefore decreases the exit rate from unemployment. Also, impatience reduces reservation wage and increases the exit rate.
Bassem Ben Halima, Mohamed Ben Halima
core  

Weakly Nonseparable Preference and the Current Account: Yes, There is a Harberger-Laursen-Metzler Effect. [PDF]

open access: yes
We examine the current account effect of a terms-of-trade deterioration for a small country model, incorporating weakly nonseparable preference a la Shi (1994) under endogenous time preference.INTERNATIONAL ECONOMY ; CURRENT ...
Ikeda, S.
core  

A More Realistic Endogenous Time Preference Model and the Slump in Japan [PDF]

open access: yes
This paper presents a more realistic endogenous time preference model, incorporating the property that impatience decreases as consumption increases. The model overcomes a serious drawback of the existing model, which needs the assumption of increasing ...
Taiji Harashima
core  

Measuring time preferences [PDF]

open access: yes, 2019
We review research that measures time preferences—i.e., preferences over intertemporal tradeoffs. We distinguish between studies using financial flows, which we call “money earlier or later” (MEL) decisions and studies that use time-dated consumption ...
Cohen, Jonathan D.   +3 more
core  

Impatience for Weakly Paretian Orders: Existence and Genericity [PDF]

open access: yes
We study order theoretic and topological implications for impatience of weakly Paretian, representable orders on infinite utility streams. As a departure from the traditional literature, we do not make any continuity assumptions in proving the existence ...
Banerjee, Kuntal, Dubey, Ram
core   +1 more source

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