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How General Are Time Preferences? Eliciting Good-Specific Discount Rates
time preferences self-control problems good-specific discounting savings poverty traps
2012/10/23
This paper tests the broadly adopted assumption that people apply a single discount rate to the utility from different sources of consumption. Using unique data from two surveys conducted in rural Uga...
Smoking, Discount Rates, and Returns to Education
Returns to education instrumental variables ability bias discount rates
2013/10/18
Individual time preference determines schooling enrolment. Moreover, smoking behavior in early ages has been shown to be highly related to time preference rates. Accordingly, we use smoking at age 16 ...
Subjective Discount Rates, Intergenerational Transfers and the Return to Schooling
Intergenerational transfers returns to education subjective discount rates
2013/10/17
Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from ...