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This article analyses the effects of individual risk aversion and time preference on cross-border mobility intentions … willingness to migrate and to commute while the effect of time preference depends on expectations about the development of future … hypotheses regarding risk aversion and shows that the rate of time preference has a nonlinear effect on migration and commuting …
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We analyze the role of "the" utility discount rate and its implications to generation-specific and societal altruism and egoism, respectively, in a neoclassical framework. It is worked out clearly, that two different utility discount rates have to be distinguished: An (inverse)...
Persistent link: https://www.econbiz.de/10010457731
-generational discounting. It is shown that the pure time preference rate is irrelevant for inter-generational comparisons. However, the … time preference approach. These considerations lead us to the formulation of a new discounting technique, "Generation … application of the growth time preference rate - with respect to consumption - is a necessary condition for inter-temporal utility …
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experimentally investigates the time preferences of farmers by comparing two different methods: One method is based on the … measurement of time preference and risk attitude that are elicited in two parts of an experiment. Afterwards, the discount rate is … on the measurement of time preference and risk attitude separately reveals sensitivities regarding the prospective payout. …
Persistent link: https://www.econbiz.de/10010505166
present-biased preferences and make time-inconsistent savings plans, which they revise continuously. It is shown that long … discounting provides the same present value of a constant infinite income stream as standard exponential discounting, then the … equilibrium rate of economic growth is also the same under both discounting methods. In this sense present-bias and the entailed …
Persistent link: https://www.econbiz.de/10010489320
-making is depicted in Ramsey and overlapping-generations models (OLG-models). Afterwards we investigate the utilization of time … adjusted OLG-discounting method of consumption units, taking into consideration intra- and intergenerational aspects. At the …
Persistent link: https://www.econbiz.de/10010408698
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