| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16367 |
| DP16367 Estimating time preferences for leisure | |
| Maria Bigoni; Davide Dragone; Stephane Luchini; Alberto Prati | |
| 发表日期 | 2021-07-16 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We study time preferences by means of a longitudinal lab experiment involving both monetary and non-monetary rewards (leisure). Our novel design allows to measure whether participants prefer to anticipate or delay gratification, without imposing any structural assumption on the instantaneous utility, intertemporal utility or the discounting functions. We find that most people prefer to anticipate monetary rewards (positive time preferences for money), but they delay non-monetary rewards (negative time preferences for leisure). These results cannot be explained by personal timetables and heterogeneous preferences only. They invite to reconsider the psychological interpretation of the discount factor, and suggest that the assumption that discounting is consistent across domains can lead to non-negligible prediction errors in models involving non-monetary decisions, such as labor supply models. |
| 主题 | Labour Economics |
| 关键词 | Consistency across domains Negative discounting Laboratory experiment Non-monetary rewards |
| URL | https://cepr.org/publications/dp16367 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545329 |
| 推荐引用方式 GB/T 7714 | Maria Bigoni,Davide Dragone,Stephane Luchini,et al. DP16367 Estimating time preferences for leisure. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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