Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/159763 
Year of Publication: 
2014
Series/Report no.: 
Quaderni - Working Paper DSE No. 924
Publisher: 
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE), Bologna
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: 
cc-by-nc Logo
Document Type: 
Working Paper

Files in This Item:
File
Size
598.32 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.