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dc.contributor.authorUbfal, Diegoen
dc.date.accessioned2012-08-15-
dc.date.accessioned2012-09-14T11:08:05Z-
dc.date.available2012-09-14T11:08:05Z-
dc.date.issued2012-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x6774en
dc.subject.jelD01en
dc.subject.jelD91en
dc.subject.jelO1en
dc.subject.ddc330en
dc.subject.keywordtime preferencesen
dc.subject.keywordself-control problemsen
dc.subject.keywordgood-specific discountingen
dc.subject.keywordsavingsen
dc.subject.keywordpoverty trapsen
dc.subject.stwKonsumentenverhaltenen
dc.subject.stwZeitpräferenzen
dc.subject.stwGüteren
dc.subject.stwAbzinsungen
dc.subject.stwSparenen
dc.subject.stwLändliche Armuten
dc.subject.stwUgandaen
dc.titleHow general are time preferences? Eliciting good-specific discount rates-
dc.typeWorking Paperen
dc.identifier.ppn721243711en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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