Damon Jones

Associate Professor Harris School of Public PolicyThe University of Chicago damonjones@uchicago.edu Areas of Research Interest: Public Finance, Household Finance, and Behavioral Economics. More Information Previous Return to Fellows Next

Time-Inconsistency and Savings: Experimental Evidence from Low-income Tax Filers

This paper by Damon Jones and Aprajit Mahajan describes a pilot version of a field experiment designed to test theories of time inconsistency (a model of quasi-hyperbolic discounting) in the context of a savings decision made by low-income tax filers. By estimating the effect of impatience on savings decisions, the results of the study can … Continue reading Time-Inconsistency and Savings: Experimental Evidence from Low-income Tax Filers