Abstract Since Edward Leamer's memorable 1983 paper,“Let's Take the Con out of
Econometrics,” empirical microeconomics has experienced a credibility revolution. While …

The debate between structural and reduced-form approaches has generated substantial
controversy in applied economics. This article reviews a recent literature in public …

We review research that measures time preferences—ie, preferences over intertemporal
trade—offs. We distinguish between studies using financial flows, which we call “money …

This paper examines the relationship between self-control, financial literacy and over-
indebtedness on consumer credit debt among UK consumers. Lack of self-control and …

Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We
describe models of intertemporal choice, identify empirical regularities in choice, and pose …

While present bias is an old idea, it only took hold in economics following David Laibson's
(1994) dissertation. Over the past 20 years, research has led to a much better theoretical …

We evaluate the impact of a randomized educational intervention on children's intertemporal
choices. The intervention aims to improve the ability to imagine future selves and …

The research in Psychology and Economics (aka Behavioral Economics) suggests that
individuals deviate from the standard model in three respects:(1) nonstandard …

This paper uses job seekers' elicited beliefs about job finding to disentangle the sources of
the decline in job-finding rates by duration of unemployment. We document that beliefs have …

We designed a commitment savings product for a Philippine bank and implemented it using
a randomized control methodology. The savings product was intended for individuals who …