The DOI matches its Crossref record; 18 of the 18 references it cites were found in a registry or an index.
Measuring Self-Control Problems
Abstract
We develop a survey instrument to measure self-control problems in a sample of highly educated adults. This measure relates in the manner that theory predicts to liquid wealth accumulation and personality measures. Yet while self-control problems are typically seen as resulting in overconsumption and low wealth, we identify a significant group who underconsume and thereby accumulate high levels of wealth. In addition, self-control problems are smaller in scale for older than for younger respondents. Those who put money aside in retirement accounts may be delaying access to a point at which self-control problems are no longer important. (JEL D12, D14)
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Cites
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Time Discounting and Time Preference: A Critical Review
Frederick, S., Loewenstein, G. F., & O’Donoghue, T. (2002) · Journal of Economic Literature · doi:10.1257/002205102320161311 · Cited by 6,381
Golden eggs and hyperbolic discounting
Laibson, D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555253 · Cited by 6,122
Myopia and Inconsistency in Dynamic Utility Maximization
Strotz, R. H. (1955) · The Review of Economic Studies · doi:10.2307/2295722 · Cited by 2,834
Myopia and Inconsistency in Dynamic Utility Maximization
Strotz, R. H. (1973) · Readings in Welfare Economics · doi:10.1007/978-1-349-15492-0_10 · Cited by 2,743
An economic theory of self-control.
Thaler, R. H., & Shefrin, H. M. (1981) · Journal of Political Economy · doi:10.1086/260971 · Cited by 2,203
Personality disorders and the five factor model of personality
Costa, P. T., & McCrae, R. R. (1990) · Journal of Personality Disorders · doi:10.1521/pedi.1990.4.4.362 · Cited by 1,653
An Economic Theory of Self-Control
Shefrin, H., & Thaler, R. (1977) · National Bureau of Economic Research · doi:10.3386/w0208 · Cited by 1,575
Shoda, Y., Mischel, W., & Peake, P. K. (1990) · Developmental Psychology · doi:10.1037//0012-1649.26.6.978 · Cited by 1,246
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Cited by
Golden eggs and hyperbolic discounting
Laibson, D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555253 · Cited by 6,122
Financial Literacy, Retirement Planning and Household Wealth
van Rooij, M. C. J., Lusardi, A., & Alessie, R. J. M. (2012) · The Economic Journal · doi:10.1111/j.1468-0297.2012.02501.x · Cited by 936
A Dual-Self Model of Impulse Control
Fudenberg, D., & Levine, D. K. (2006) · American Economic Review · doi:10.1257/aer.96.5.1449 · Cited by 927
Does self-control predict financial behavior and financial well-being?
Strömbäck, C., Lind, T., Skagerlund, K., Västfjäll, D., & Tinghög, G. (2017) · Journal of Behavioral and Experimental Finance · doi:10.1016/j.jbef.2017.04.002 · Cited by 526
“This finding is in line with the BLC hypothesis and previous research (Ameriks et al., 2007; Biljanovska and Palligkinis, 2015; Rha et al., 2006).”
ResultBryan, G., Karlan, D., & Nelson, S. (2010) · Annual Review of Economics · doi:10.1146/annurev.economics.102308.124324 · Cited by 448
Metadata
- Authors
- Ameriks, J., Caplin, A., Leahy, J., & Tyler, T.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2007-05-01
- Volume
- 97
- Issue
- 3
- Pages
- 966-972
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W1992986152
- Cited by
- 271
- References
- 18
- FWCI
- 18.77
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.