Income Smoothing and Self-Control: The Case of Schoolteachers.
Approximately one-half of California's Unified School Districts give teachers a choice of receiving their annual salaries in 10 or 12 monthly payments. Intertemporal utility maximization d la Irving Fisher suggests that they should choose 10 payments and earn interest on their savings. But about 50%...
| Publicado en: | Economic Inquiry Vol. 43; no. 4; pp. 823 - 831 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
October 2005
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| Acceso en línea: | Ver este registro en EBSCOhost |