Asked by
Danah Mongan
on Nov 25, 2024
Verified
Automatic payroll deductions help people to fight their time inconsistency problem with regards to saving.
Time Inconsistency
The tendency of people to change their plans about future actions because of a change in their immediate preferences or circumstances.
Automatic Payroll Deductions
A system where amounts are automatically subtracted from an employee's paycheck by the employer for taxes, benefits, and other financial obligations.
- Gain insight into the ways behavioral economics illuminates issues of self-control and temporal inconsistency.
Verified Answer
DF
Learning Objectives
- Gain insight into the ways behavioral economics illuminates issues of self-control and temporal inconsistency.
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