Saving and Dissaving with Hyperbolic Discounting
---- Acknowledgments ----
For useful comments and suggestions, we thank the co-editor and four anonymous referees. We also appreciate conversations with Jinhui Bai, Satyajit Chatterjee, Behzad Diba, Per Krusell, Roger Lagunoff, John Rust, Tony Smith, Pierre Yared, Andrea Wilson, as well as seminar and conference participants. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.