Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/145417
Authors: 
Galor, Oded
Özak, Ömer
Year of Publication: 
2014
Series/Report no.: 
Working Paper, Brown University, Department of Economics 2014-5
Abstract: 
This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on the distribution of long-term orientation across societies. In particular, exploiting a natural experiment associated with the expansion of suitable crops for cultivation in the course of the Columbian Exchange, the research establishes that agro-climatic characteristics in the pre-industrial era that were conducive to higher return to agricultural investment, triggered selection and learning processes that had a persistent positive effect on the prevalence of long-term orientation in the contemporary era.
Subjects: 
Time preference
Delayed Gratification
Economic Growth
Culture
Agriculture
Economic Development
Evolution
JEL: 
O1
O4
Z1
Document Type: 
Working Paper

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