Endogenous discounting via wealth, twin-peaks and the role of technology

C-Tier
Journal: Economics Letters
Year: 2009
Volume: 103
Issue: 2
Pages: 78-80

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We endogenize the discount rate via wealth and provide evidence that wealth affects the discount rate negatively. We give a necessary and sufficient condition for endogenous discounting to lead to the Twin-peaks of economic growth and show that improvements in technology help avoid them.

Technical Details

RePEc Handle
repec:eee:ecolet:v:103:y:2009:i:2:p:78-80
Journal Field
General
Author Count
1
Added to Database
2026-01-29