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%...
| Published in: | Economic Inquiry Vol. 43; no. 4; pp. 823 - 831 |
|---|---|
| Main Authors: | , |
| Format: | Article |
| Published: |
Wiley-Blackwell
October 2005
|
| Subjects: | |
| Online Access: | View this record in EBSCOhost |