Empirical Determinants of Intertemporal Choice

We thank Malcolm Baker, Victor Borgy, Stephen Brown, Joshua Coval, Steve Dimmock, Luigi Guiso, Ravi Jagannathan, David Laibson, Lubos Pastor, Jeffrey Pontiff, Andrew Samwick, Clemens Sialm, Chester Spatt, and Peter Tufano for helpful discussions. We also thank seminar participants at Boğaziçi University, KAIST, Nanyang Technological University, Singapore Management University, UCLA, University of Illinois at Chicago, University of Melbourne, University of New South Wales, and University of Sydney for their feedback. Finally, we thank participants at the 2011 EFA Annual Meeting, the 2012 NBER Summer Institute Social Security Workshop, and the 2012 Financial Research Association Meeting for their insights. This research was supported by the U.S. Social Security Administration through grant #10-M-98363-1-02 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium. The findings and conclusions expressed are solely those of the author(s) and do not represent the views of the SSA, any agency of the Federal Government, or the National Bureau of Economic Research. Institutional Review Board (IRB) permission was granted to conduct this research at both Michigan State University and the University of Illinois.