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 |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510465370&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510465370 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: N pubinfo: dt: October 2005 vid: 43 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510465370 10.1093/ei/cbi060 ppf: 823 ppct: 8 formats: fmt: – @attributes: type: T – @attributes: type: P size: 634KB tig: atl: Income Smoothing and Self-Control: The Case of Schoolteachers. aug: au: Mayer, Thomas Russell, Thomas su: Teachers' salaries Income accounting Self-control sug: subj: Teachers' salaries Income accounting Self-control ab: 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% of the teachers choose 12 installments, even though when summed over a reasonable period the forgone interest can be considerable. This behavior can be explained by the cost of exercising self-control and by Laibson's model of hyperbolic discounting. A survey of teachers supports this interpretation. (JEL D91, D12) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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