Put it in the bank for a savings account.
The group offered the commitment savings account displayed higher rates of savings.
Empirical analysis reveals people who are time inconsistent, or displaying hyperbolic discount preferences, are most likely to take up the commitment savings account.
The authors test whether people who practice hyperbolic discounting know their tendencies and will be more likely to open such a commitment savings account.
They should start saving when they start working, put so much into a savings account every month.
Covered individuals contribute about 2% of their salary to the medical savings account.
The interest paid (or charged) on a savings account (or a loan) can be simple or compound.
At t=0, the agent starts work and saves a constant fraction, s, of his pre-tax paycheck, w(t), in a retirement savings account.
