Psychological effects of poverty on time preferences

0544525 - NHÚ 2022 RIV GB eng J - Článek v odborném periodiku
Bartoš, V. - Bauer, Michal - Chytilová, Julie - Levely, I.
Psychological effects of poverty on time preferences.
Economic Journal. Roč. 131, č. 638 (2021), s. 2357-2382. ISSN 0013-0133. E-ISSN 1468-0297
Grant CEP: GA ČR(CZ) GA17-13869S; GA ČR(CZ) GA20-11091S
Institucionální podpora: RVO:67985998
Klíčová slova: field experiments * intertemporal consumer choice * life cycle models and saving
Obor OECD: Applied Economics, Econometrics
Impakt faktor: 3.721, rok: 2021
Způsob publikování: Omezený přístup
https://doi.org/10.1093/ej/ueab007

We test whether an environment of poverty affects time preferences through purely psychological channels. We measured discount rates among farmers in Uganda who made decisions about when to enjoy entertainment instead of working. To circumvent the role of economic constraints, we experimentally induced thoughts about poverty-related problems, using priming techniques. We find that thinking about poverty increases the preference to consume entertainment early and to delay work. Using monitoring tools similar to eye tracking, a novel feature for this subject pool, we show that this effect is unlikely to be driven by less careful decision-making processes.
Trvalý link: http://hdl.handle.net/11104/0321367