{"id":"https://openalex.org/W100896659","doi":null,"title":"Self-Control, Saving, and the Low Asset Trap","display_name":"Self-Control, Saving, and the Low Asset Trap","publication_year":1999,"publication_date":"1999-01-01","ids":{"openalex":"https://openalex.org/W100896659","mag":"100896659"},"language":"en","primary_location":{"id":"pmh:oai:CiteSeerX.psu:10.1.1.368.4041","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.368.4041","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.stanford.edu/~bernheim/selfcontrol.pdf","raw_type":"text"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5074716987","display_name":"B. Douglas Bernheim","orcid":"https://orcid.org/0000-0002-6483-7622","observed_orcids":["https://orcid.org/0000-0002-6483-7622"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"B. Douglas Bernheim","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-6483-7622","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5102183600","display_name":"Debraj Ray","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Debraj Ray","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.3245,"has_fulltext":false,"cited_by_count":31,"citation_normalized_percentile":{"value":0.93009137,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":97},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.5059000253677368,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.5059000253677368,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.388700008392334,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.07919999957084656,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/self-control","display_name":"self-control","score":0.9369999766349792},{"id":"https://openalex.org/keywords/time-inconsistency","display_name":"time inconsistency","score":0.7459999918937683},{"id":"https://openalex.org/keywords/savings","display_name":"savings","score":0.5120000243186951},{"id":"https://openalex.org/keywords/intertemporal-consumption","display_name":"intertemporal consumption","score":0.8080000281333923},{"id":"https://openalex.org/keywords/subgame-perfect-equilibrium","display_name":"subgame perfect equilibrium","score":0.8740000128746033},{"id":"https://openalex.org/keywords/asset-accumulation","display_name":"asset accumulation","score":0.5659999847412109},{"id":"https://openalex.org/keywords/access-to-credit","display_name":"access to credit","score":0.7129999995231628},{"id":"https://openalex.org/keywords/repeated-games","display_name":"repeated games","score":0.32199999690055847}],"concepts":[{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.6948725581169128},{"id":"https://openalex.org/C177264268","wikidata":"https://www.wikidata.org/wiki/Q1514741","display_name":"Set (abstract data type)","level":2,"score":0.5790075659751892},{"id":"https://openalex.org/C2777212361","wikidata":"https://www.wikidata.org/wiki/Q5127848","display_name":"Class (philosophy)","level":2,"score":0.5699229836463928},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.5539994835853577},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.5246529579162598},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4865395128726959},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.4822443425655365},{"id":"https://openalex.org/C175983524","wikidata":"https://www.wikidata.org/wiki/Q1615834","display_name":"Subgame perfect equilibrium","level":3,"score":0.47816377878189087},{"id":"https://openalex.org/C121099081","wikidata":"https://www.wikidata.org/wiki/Q665580","display_name":"Trap (plumbing)","level":2,"score":0.4553222954273224},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4286549389362335},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3944275975227356},{"id":"https://openalex.org/C46814582","wikidata":"https://www.wikidata.org/wiki/Q23389","display_name":"Nash equilibrium","level":2,"score":0.3302648663520813},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3236030340194702},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.10632163286209106},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.10225355625152588},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.10168954730033875},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C87717796","wikidata":"https://www.wikidata.org/wiki/Q146326","display_name":"Environmental engineering","level":1,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:CiteSeerX.psu:10.1.1.368.4041","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.368.4041","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.stanford.edu/~bernheim/selfcontrol.pdf","raw_type":"text"},{"id":"mag:100896659","doi":null,"is_oa":false,"landing_page_url":"https://www.nyu.edu/econ/user/debraj/Papers/selfcontrol.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":6,"referenced_works":["https://openalex.org/W1967232224","https://openalex.org/W2006619603","https://openalex.org/W2011065519","https://openalex.org/W2082524842","https://openalex.org/W2118052532","https://openalex.org/W3149912433"],"related_works":["https://openalex.org/W3124727402","https://openalex.org/W2792300028","https://openalex.org/W7097973446","https://openalex.org/W3124607627","https://openalex.org/W573939583","https://openalex.org/W1622324397","https://openalex.org/W2153174854","https://openalex.org/W1897916666","https://openalex.org/W2144066638","https://openalex.org/W7096511445"],"abstract_inverted_index":{"We":[0,47,96],"examine":[1],"a":[2,23,67],"class":[3],"of":[4,22,29,43,51,59,66,100],"intertemporal":[5],"consumption":[6],"allocation":[7],"models":[8],"in":[9,128],"which":[10,72,87],"time":[11],"inconsistent":[12],"preferences":[13],"create":[14],"self-control":[15,37,118],"problems.":[16],"Behavior":[17],"corresponds":[18],"to":[19,83,91,104,121],"an":[20],"equilibrium":[21,61,102],"game":[24],"played":[25],"by":[26,40],"successive":[27],"incarnations":[28],"the":[30,34,41,49,60,64,98,101,129],"single":[31],"decision-maker,":[32],"and":[33,85,123],"scope":[35],"for":[36],"is":[38,63,75,89],"defined":[39],"set":[42,53,62,103],"subgame":[44],"perfect":[45],"equilibria.":[46],"study":[48],"features":[50],"this":[52],"computationally.":[54],"A":[55],"reasonably":[56],"robust":[57],"feature":[58],"existence":[65],"threshold":[68],"asset":[69,94,131],"level,":[70],"below":[71],"no":[73],"self-discipline":[74],"possible":[76,90],"(the":[77],"individual":[78],"simply":[79],"consumes":[80],"assets":[81],"down":[82],"zero),":[84],"above":[86],"it":[88],"sustain":[92],"positive":[93],"accumulation.":[95],"investigate":[97],"sensitivity":[99],"various":[105],"parameters.":[106],"For":[107],"example,":[108],"we":[109],"show":[110],"that":[111],"when":[112],"credit":[113],"becomes":[114,119],"more":[115],"readily":[116],"available,":[117],"easier":[120],"impose,":[122],"fewer":[124],"individuals":[125],"are":[126],"caught":[127],"low":[130],"trap.":[132],"1":[133]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":2}],"updated_date":"2026-11-06T12:05:46.655746","created_date":"2016-06-24T00:00:00"}
