| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20320 |
| 来源ID | Working Paper 20320 |
| Time Preferences and Consumer Behavior | |
| David Bradford; Charles Courtemanche; Garth Heutel; Patrick McAlvanah; Christopher Ruhm | |
| 发表日期 | 2014-07-17 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We investigate the predictive power of survey-elicited time preferences using a representative sample of US residents. In regressions controlling for demographics and risk preferences, we show that the discount factor elicited from choice experiments using multiple price lists and real payments predicts various health, energy, and financial outcomes, including overall self-reported health, smoking, drinking, car fuel efficiency, and credit card balance. We allow for time-inconsistent preferences and find that the long-run and present bias discount factors (δ and β) are each significantly associated in the expected direction with several of these outcomes. Finally, we explore alternate measures of time preference. Elicited discount factors are correlated with several such measures, including self-reported willpower. A multiple proxies approach using these alternate measures shows that our estimated associations between the time-consistent discount factor and health, energy, and financial outcomes may be conservative. |
| 主题 | Microeconomics ; Households and Firms ; Behavioral Economics ; Health, Education, and Welfare ; Health ; Environmental and Resource Economics ; Energy |
| URL | https://www.nber.org/papers/w20320 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577994 |
| 推荐引用方式 GB/T 7714 | David Bradford,Charles Courtemanche,Garth Heutel,et al. Time Preferences and Consumer Behavior. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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