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Cited by 1,685

The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.

THE BEHAVIORAL LIFE‐CYCLE HYPOTHESIS

Shefrin, Hersh M., Thaler, Richard H.·1988·Economic Inquiry
DOI 10.1111/j.1465-7295.1988.tb01520.x
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Abstract

Self‐control, mental accounting, and framing are incorporated in a behavioral enrichment of the life‐cycle theory of saving called the Behavioral Life‐Cycle (BLC) hypothesis. The key assumption of the BLC theory is that households treat components of their wealth as nonfungible, even in the absence of credit rationing. Specifically, wealth is assumed to be divided into three mental accounts: current income, current assets, and future income. The temptation to spend is assumed to be greatest for current income and least for future income. Considerable empirical support for the BLC theory is presented, primarily drawn from published econometric studies.

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Metadata

Authors
Shefrin, H. M., & Thaler, R. H.
Venue
Economic Inquiry
Publisher
Wiley
Published
1988-10
Volume
26
Issue
4
Pages
609-643
ISSN
  • 0043-3640 (ISSN-L)
  • 0095-2583
  • 1465-7295
DOI
10.1111/j.1465-7295.1988.tb01520.x
OpenAlex
W2124733286
Cited by
1,685
References
6
FWCI
25.06
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: THE BEHAVIORAL LIFE‐CYCLE HYPOTHESIS. https://app.cochat.ai/papers/10.1111/j.1465-7295.1988.tb01520.x
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Shefrin, H. M., & Thaler, R. H. (1988). THE BEHAVIORAL LIFE‐CYCLE HYPOTHESIS. Economic Inquiry. https://doi.org/10.1111/j.1465-7295.1988.tb01520.x

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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