Curtis J. Simon|John T. Warner|Saul Pleeter
<scp>DISCOUNTING, COGNITION, AND FINANCIAL AWARENESS: NEW EVIDENCE FROM A CHANGE IN THE MILITARY RETIREMENT SYSTEM</scp>
Clemson University|Lewin Group (United States)|American University
choice given military personnel immediate cash payment 30000 generous retirement pension permits us estimate individuals personal discount rates pdrs resulting pdrs 7 enlisted personnel 243 officers precise correlated variety financial behaviors pdr negatively related educational attainment armed forces qualification test cognition seems operate channels better informed betterinformed individuals always measured patient jel d91 d14