Time-Inconsistency and Welfare Program Participation: Evidence from the NLSY
---- Acknowledgments ----
We are deeply indebted to Ken Wolpin for his advice and encouragement on this project. We also thank Steve Berry, John Bound, Stefano Della Vigna, Zvi Eckstein, Michael Keane, David Laibson, Donghoon Lee, Ulrike Malmandier, Robert Miller, Daniele Paserman, Andrew Postlewaite, Matthew Rabin, Mark Rosenzweig, John Rust, Kent Smetters and participants at many seminars and conferences for helpful suggestions and discussions. Finally, we thank three anonymous referees for careful comments that much improved the paper. We are responsible for the remaining errors and shortcomings. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.