Poverty and Time Preference
نویسندگان
چکیده
منابع مشابه
Time Preference and its Effects on Intertemporal
Time preference has a peculiar role in determining the level of economic activities. Time preferenceis the most important origin of interest rate. In this paper we study the founders and defenders'viewpoints about time preference and then we try to criticize them. It seems that discounting futureutilities is resulting from irrationality and it is ethically indefensible too. From mathematical as...
متن کاملPoverty Traps and Growth in a model of Endogenous Time Preference
We introduce endogenous probability of survival in the standard Keynes-Ramsey optimal growth model. An individual’s probability of survival is assumed to be dependent on past levels of consumption. Endogenous probability of survival effectively also implies that the rate of time preference (or degree of patience) of an individual is no longer an exogenously given parameter. We solve the dynamic...
متن کاملTime preference, time discounting, and smoking decisions.
This study examines the relationship between time discounting, other sources of time preference, and choices about smoking. Using a survey fielded for our analysis, we elicit rates of time discount from choices in financial and health domains. We also examine the relationship between other determinants of time preference and smoking status. We find very high rates of time discount in the financ...
متن کاملTime Preference: Experiments and Foundations∗
In order to elicit discount functions, experiments commonly analyze how subjects trade-off money and time. However, discounting reveals itself directly only in behavior obtained by fixing the money dimension and varying the time dimension. This paper presents an experimental procedure that, in a sense made precise, better identifies the discount function. The procedure is based on a general the...
متن کاملProperty Rights and Time Preference
This paper establishes a nexus between the established fields of constitutional political economy and macroeconomic capital theory. Constitutional political economy explores how legal and institutional structures emerge over time. The evolution of property rights has always been a central focus of this line of inquiry. Time preference is one of the most basic economic concepts. Theories of inte...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1625524