Many faculty members prefer to receive their salary in twenty-four equal payments over the entire year as opposed to receiving the salary sooner in eighteen equal payments over the academic year. The author considers two explanations for this choice: (1) it is chosen to eliminate transactions costs associated with administering a similar plan oneself or (2) it is chosen as a self-imposed constraint to insure against one's own potential imprudent behavior. The paper provides a test that clearly supports the second alternative. Copyright 1994 by Oxford University Press.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Publisher Info
Article provided by Oxford University Press in its journal Economic Inquiry.
Volume (Year): 32 (1994) Issue (Month): 4 (October) Pages: 696-702 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
Contact details of provider: Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK Fax: 01865 267 985 Email: Web page: http://ei.oupjournals.org/