| Project/Area Number |
21830035
|
|---|
| Research Category |
Grant-in-Aid for Research Activity Start-up
|
| Allocation Type | Single-year Grants |
|---|
| Research Field |
Economic theory
|
|---|
| Research Institution | Hitotsubashi University |
|---|
Principal Investigator |
HORI Takeo Hitotsubashi University, 大学院・経済学研究科, 講師 (80547513)
|
|---|
| Research Collaborator |
FUTAGAMI Koichi 大阪大学, 大学院・経済学研究科, 教授 (30199400)
|
|---|
| Project Period (FY) |
2009 – 2010
|
| Project Status |
Completed (Fiscal Year 2010)
|
| Budget Amount *help |
¥1,105,000 (Direct Cost: ¥850,000、Indirect Cost: ¥255,000)
Fiscal Year 2010: ¥416,000 (Direct Cost: ¥320,000、Indirect Cost: ¥96,000)
Fiscal Year 2009: ¥689,000 (Direct Cost: ¥530,000、Indirect Cost: ¥159,000)
|
|---|
| Keywords | 経済政策 / 時間非整合性 / 行動経済学 / 経済成長 / 時間割引率 |
|---|
| Research Abstract |
This research develops a simple model where the agent discounts utility from consumption at a different rate from disutility of labor supply. I show that in our non-unitary discount rate model, the preferences of the agent are time-inconsistent. It is shown that the policy effects in our model are quite different from those in the standard model. For example, when the agent discounts utility from consumption at a higher rate than the disutility of labor supply, the utility level of the agents can be improved by imposing a positive consumption tax. The development of credit market has possibility to deteriorate the utility level of the agents.
|
