-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two …

-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two …

This paper introduces wealth-dependent time preference into a simple model of endogenous growth. The model generates … is shown how wealth-dependent time preference can explain the existence of a locally stable poverty trap as well as the … phenomenon of simultaneously falling interest rates and rising growth rates. -- economic growth ; savings ; time preference …

attainable maximin income should decrease over time. I provide a formal definition and study applications to an AK economy, a …

theory of consumption is suggested and discussed with respect to its implications for making a transition to more sustainable …