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calibration reveals that accounting for relative prices is equivalent to decreasing pure time preference by 0.6 percentage points …
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more than 40 percent. Accounting for these changes is equivalent to a decrease in pure time preference by more than a half …
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and statistically significant relationship between reported rates of time preference across countries and the government … expenditure multiplier. This study uses recent cross-country data on reported rates of time preferences gathered by Wang, Rieger … and Hens (2011). We find that a higher reported rate of time preference is strongly associated with a larger government …
Persistent link: https://www.econbiz.de/10009692601
We examine time discounting factors in an international survey. Our analysis reveals a significant relationship between … time discount factors and historical equity premiums across 27 countries. This result implies that higher historical equity …
Persistent link: https://www.econbiz.de/10012971592
We elicit time discounting factors in an international survey. Our analysis reveals a significant relationship between … time discount factors and historical equity premium across 27 countries. It implies that in countries where participants … the explanation of equity premium puzzle by myopic loss aversion. We investigate the mediational effect of time preference …
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We present results from the first large-scale international survey on time discounting, conducted in 45 countries … levels of Uncertainty Avoidance or Individualism are both associated with strong hyperbolic discounting. Moreover, as … application of our data, we find evidence for an impact of time preferences on the capability of technological innovations in a …
Persistent link: https://www.econbiz.de/10003971327
This research explores the origins of observed differences in time preference across countries and regions. Exploiting …
Persistent link: https://www.econbiz.de/10014142835