Welfare dependence and self-control: An empirical analysis

Chan, MK

Welfare dependence and self-control: An empirical analysis

Chan, MK

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Publication Type:: Journal Article
Citation:: Review of Economic Studies, 2017, 84 (4), pp. 1379 - 1423
Issue Date:: 2017-10-01

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Field	Value	Language
dc.contributor.author	Chan, MK https://orcid.org/0000-0002-1010-7587	en_US
dc.date.issued	2017-10-01	en_US
dc.identifier.citation	Review of Economic Studies, 2017, 84 (4), pp. 1379 - 1423	en_US
dc.identifier.issn	0034-6527	en_US
dc.identifier.uri	http://hdl.handle.net/10453/124004
dc.description.abstract	© The Author 2017. Ahyperbolic discounting model of labour supply and welfare participation with heterogeneous time preference parameters is estimated. Exclusion restrictions are constructed from variations in behaviour induced by time limits in a welfare reform experiment.We find that most individuals are time-inconsistent, and they exhibit varying degrees of present bias and perception of the commitment problem. Introducing a welfare component to the tax system can make individuals worse off by aggravating the commitment problem. Certain dynamic policy interventions carry sizeable commitment-related work incentives; for instance, a dynamic sanction triggered by past employment can be preferred by some individuals as a commitment device.	en_US
dc.relation.ispartof	Review of Economic Studies	en_US
dc.relation.isbasedon	10.1093/restud/rdx011	en_US
dc.subject.classification	Economics	en_US
dc.title	Welfare dependence and self-control: An empirical analysis	en_US
dc.type	Journal Article
utslib.citation.volume	4	en_US
utslib.citation.volume	84	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	14 Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access
pubs.issue	4	en_US
pubs.publication-status	Published	en_US
pubs.volume	84	en_US

Abstract:

© The Author 2017. Ahyperbolic discounting model of labour supply and welfare participation with heterogeneous time preference parameters is estimated. Exclusion restrictions are constructed from variations in behaviour induced by time limits in a welfare reform experiment.We find that most individuals are time-inconsistent, and they exhibit varying degrees of present bias and perception of the commitment problem. Introducing a welfare component to the tax system can make individuals worse off by aggravating the commitment problem. Certain dynamic policy interventions carry sizeable commitment-related work incentives; for instance, a dynamic sanction triggered by past employment can be preferred by some individuals as a commitment device.

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http://hdl.handle.net/10453/124004