MARC Record from Library of Congress

LEADER: 02013cam a22002897a 4500
001 2005618449
003 DLC
005 20050722155209.0
007 cr |||||||||||
008 050722s2005 mau sb 000 0 eng
010 $a 2005618449
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aKopczuk, Wojciech.
245 10 $aDenial of death and economic behavior$h[electronic resource] /$cWojciech Kopczuk, Joel Slemrod.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2005.
490 1 $aNBER working paper series ;$vworking paper 11485
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 7/22/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"We model denial of death and its effect on economic behavior. Attempts to reduce death anxiety and the possibility of denial of mortality-relevant information interact with intertemporal choices and may lead to time-inconsistent behavior and other "behavioral" phenomena. In the model, repression of signals of mortality leads to underconsumption for unsophisticated individuals, but forward-sophisticated individuals may over-consume in anticipation of future denial and may seek ways to commit to act according to one's mortality prospects as currently perceived. We show that the mere possibility of engaging in this kind of denial leads to time-inconsistent but efficient behavior. Refusal to face up to the reality of death may help explain a wide range of empirical phenomena, including the underutilization of tax-advanced inter vivos gifts and inadequate purchase of life insurance"--National Bureau of Economic Research web site.
700 1 $aSlemrod, Joel.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 11485.
856 40 $uhttp://papers.nber.org/papers/w11485