Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159763
Authors: 
Giannetti, Caterina
Year of Publication: 
2014
Series/Report no.: 
Quaderni - Working Paper DSE 924
Abstract: 
In this paper we study the drivers of change in individuals' discount rates. Our panel dataset allows us to jointly consider socio-demographics, financial status and literacy, as well as job characteristics among the possible determinants. Our results suggest that individual time-preferences are not stable over time, especially among individuals who hold debts. Labour market variables do not play any direct role. A large part of the variation, however, is not explained by none these drivers. This supports the view that discount rates are related to an underlying unobservable individual trait.
JEL: 
C33
D1
D90
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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