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dc.contributor.authorUbfal, Diegoen_US
dc.date.accessioned2012-08-15en_US
dc.date.accessioned2012-09-14T11:08:05Z-
dc.date.available2012-09-14T11:08:05Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/62576-
dc.description.abstractThis 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 Uganda including both hypothetical and real choices over different goods, the paper elicits time preferences from approximately 2,400 subjects. The data reject the null of equal discount rates across goods under a number of different modeling assumptions. These results have important theoretical and policy implications. For instance, they provide support for the idea that time-inconsistent behaviors and a corresponding demand for commitment can be observed even if individuals do not exhibit horizon-specific discounting. In addition, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor. The paper presents evidence that these conditions are satisfied in the context under study by showing that the share of expenditures on those goods with higher discount rates is decreasing with income.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6774en_US
dc.subject.jelD01en_US
dc.subject.jelD91en_US
dc.subject.jelO1en_US
dc.subject.ddc330en_US
dc.subject.keywordtime preferencesen_US
dc.subject.keywordself-control problemsen_US
dc.subject.keywordgood-specific discountingen_US
dc.subject.keywordsavingsen_US
dc.subject.keywordpoverty trapsen_US
dc.subject.stwKonsumentenverhaltenen_US
dc.subject.stwZeitpräferenzen_US
dc.subject.stwGüteren_US
dc.subject.stwAbzinsungen_US
dc.subject.stwSparenen_US
dc.subject.stwLändliche Armuten_US
dc.subject.stwUgandaen_US
dc.titleHow general are time preferences? Eliciting good-specific discount ratesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn721243711en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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