Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/185749
Authors: 
Becker, Anke
Dohmen, Thomas
Enke, Benjamin
Falk, Armin
Huffman, David
Sunde, Uwe
Year of Publication: 
2018
Series/Report no.: 
Discussion Paper No. 79
Abstract: 
This paper studies the global variation in economic preferences. For this purpose, we present the Global Preference Survey (GPS), an experimentally validated survey dataset of time preference, risk preference, positive and negative reciprocity, altruism, and trust from 80,000 individuals in 76 countries. The data reveal substantial heterogeneity in preferences across countries, but even larger within-country heterogeneity. Across individuals, preferences vary with age, gender, and cognitive ability, yet these relationships appear partly country specific. At the country level, the data reveal correlations between preferences and bio-geographic and cultural variables such as agricultural suitability, language structure, and religion. Variation in preferences is also correlated with economic outcomes and behaviors. Within countries and subnational regions, preferences are linked to individual savings decisions, labor market choices, and prosocial behaviors. Across countries, preferences vary with aggregate outcomes ranging from per capita income, to entrepreneurial activities, to the frequency of armed conflicts.
JEL: 
D01
D03
F00
Document Type: 
Working Paper

Files in This Item:
File
Size
3.04 MB





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