Associate Professor
Harris School of Public Policy
The University of Chicago
Areas of Research Interest: Public Finance, Household Finance, and Behavioral Economics.
Damon Jones
Damon Jones
Webinar: Family Financial Security – Tax Time Saving Decisions
Date: September 11, 2012
Description: Damon Jones from the University of Chicago and Aprajit Mahajan from UCLA presented a session in the Family Financial Security Webinar Series, entitled Present-Biased Preferences and Savings: Field Experimental Evidence from the SaveUP Study.
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 be used to improve the design of savings incentives for this population, and evaluate the welfare effects of these savings programs.
University of Wisconsin-Madison Center for Financial Security 