0345167 - NHÚ 2011 eng J - Journal Article
Bauer, Michal - Chytilová, J.
The impact of education on subjective discount rate in Ugandan villages.
Economic Development and Cultural Change. Roč. 58, č. 4 (2010), s. 643-669. ISSN 0013-0079. E-ISSN 1539-2988
R&D Projects: GA MŠMT LC542
Keywords : education * subjective discount rate * rural populations * Uganda
Subject RIV: AH - Economics
Impact factor: 1.392, year: 2010

Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to decrease with education. We examine this correlation further by testing the causal effect of education and exploit two different sources of its variation: school frequency across villages and the number of the respondents’ school‐going years that overlap with the era of the dictator Idi Amin’s rule.
Permanent Link: http://hdl.handle.net/11104/0186496