Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/36782
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dc.contributor.authorOxoby, Robert J.en_US
dc.contributor.authorMorrison, William G.en_US
dc.date.accessioned2010-03-30en_US
dc.date.accessioned2010-07-23T09:32:05Z-
dc.date.available2010-07-23T09:32:05Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36782-
dc.description.abstractWe present results from a laboratory study of loss aversion in the context of intertemporal choice. We investigate whether the provision of (windfall) endowments results in different elicited discount rates relative to subjects who earn income or earn and retain the income for a period before making intertemporal decisions. We hypothesize that loss aversion in an intertemporal choice yields higher discount rates among subjects earning and retaining. Our results support this hypothesis: among subjects who earn and retain their income we elicit substantially higher discount rates relative to those experiencing a windfall gain.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit |x4854en_US
dc.subject.jelC91en_US
dc.subject.jelD91en_US
dc.subject.ddc330en_US
dc.subject.keywordIntertemporal choiceen_US
dc.subject.keyworddiscount ratesen_US
dc.subject.keywordexperimentsen_US
dc.subject.stwEinkommenen_US
dc.subject.stwZeitpräferenzen_US
dc.subject.stwRisikoaversionen_US
dc.subject.stwAbzinsungen_US
dc.subject.stwTesten_US
dc.titleLoss aversion and intertemporal choice: A laboratory investigationen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn622796186en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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