Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92695
Authors: 
Ikeda, Shinsuke
Kang, Myong-Il
Ohtake, Fumio
Year of Publication: 
2009
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 732
Abstract: 
In view of the finding that debtors are likely to be more obese than nondebtors, we investigate whether interpersonal differences in body mass are, as in the case of debt behavior, related to those in time discounting and time discounting anomalies. The effects of time discounting on body mass index (BMI) and the probabilities of being obese, severely obese, and underweight are detected by incorporating three properties of intertemporal preferences: (i) impatience, measured by the level of the respondents' discount rate; (ii) hyperbolic discounting, where discount rates for the discounting of immediate future payoffs are higher than those of distant future payoffs; and (iii) the sign effect, wherein future negative payoffs are discounted at a lower rate than are future positive payoffs. We also find that body mass is non-monotonically correlated with age, income, and working hours. As a policy implication, body mass can potentially be controlled by changing the intertemporal structure of medical care costs.
Subjects: 
BMI
obesity
underweight
time preference
discount rate
hyperbolic discounting
procrastination
the sign effect
JEL: 
I10
Z00
Document Type: 
Working Paper

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