DISCOUNTING, COGNITION, AND FINANCIAL AWARENESS: NEW EVIDENCE FROM A CHANGE IN THE MILITARY RETIREMENT SYSTEM.

The choice given military personnel between an immediate cash payment of $30,000 or a more generous retirement pension permits us to estimate individuals' personal discount rates ( PDRs). The resulting PDRs, about 7% for enlisted personnel and 2%-4.3% for officers, are precise and are correlated wit...

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Publicado en:	Economic Inquiry Vol. 53; no. 1; pp. 318 - 335
Autores principales:	Simon, Curtis J., Warner, John T., Pleeter, Saul
Formato:	Artículo
Publicado:	Wiley-Blackwell Jan2015
Materias:	Pensions Economic history Government policy Military retirements American military personnel Retirement & economics
Acceso en línea:	Ver este registro en EBSCOhost