Estimating the Relationship Between Rate of Time Preferences And Socio-Economic Factors In Russia

Rate of time preferences reflects an individual’s opinion on how to distribute consumption over time. In this paper we examine various socio-economic factors that are related to rate of time preferences in Russia. The data are obtained from a survey from the Yuri Levada Analytical Center in 2011. Our findings suggest that time preferences of men and women should be analyzed separately in Russia. Factors such as age, income, educational level, the size of a household, marital status and place of residence have a significant impact on rate of time preferences.