| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19130 |
| 来源ID | Working Paper 19130 |
| Do Lottery Payments Induce Savings Behavior: Evidence from the Lab | |
| Emel Filiz-Ozbay; Jonathan Guryan; Kyle Hyndman; Melissa Schettini Kearney; Erkut Y. Ozbay | |
| 发表日期 | 2013-06-13 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | This paper presents the results of a laboratory experiment designed to investigate whether the option of a Prize Linked Savings (PLS) product alters the likelihood that subjects choose to delay payment. By comparing PLS and standard savings products in a controlled way, we find strong evidence that a PLS payment option leads to greater rates of payment deferral than does a straightforward interest payment option of the same expected value. The appeal of the PLS option is strongest among men, self-reported lottery players, and subjects with low bank account balances. We use the results of our experiment to structurally estimate the parameters of the decision problem governing time preference, risk aversion, and probability weighting. We employ the parameter estimates in a series of policy simulations that compare the relative effectiveness of PLS products as compared to standard savings products. |
| 主题 | Microeconomics ; Behavioral Economics ; Households and Firms ; Economics of Information ; Financial Economics ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/w19130 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576804 |
| 推荐引用方式 GB/T 7714 | Emel Filiz-Ozbay,Jonathan Guryan,Kyle Hyndman,et al. Do Lottery Payments Induce Savings Behavior: Evidence from the Lab. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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