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Eliciting time preferences when income and consumption vary: theory, validation & application to job search

Michele Belot (Cornell University, University of Edinburg and IZA), Philipp Kircher (Cornell University, Catholic University of Louvain and University of Edinburg), Paul Muller (VU University Amsterdam, Tinbergen Institute and IZA) ; IZA Institute of Labor Economics

We propose a simple method for eliciting individual time preferences without estimating utility functions even in settings where background consumption changes over time. It relies on lottery tickets with high rewards. In a standard intertemporal choice model high rewards decouple lottery choices fr...

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Bibliographic details
Volume: no. 14091
Main Author: Belot, Michèle
Kircher, Philipp
Muller, Paul
Format: eBook
Language: English
Related: Forschungsinstitut zur Zukunft der Arbeit ¬[Herausgebendes Organ]
Different title: Eliciting time preferences when income and consumption vary: theory, validation and application to job search
Ort : Verlag : ErscheinungsdatumBonn, Germany : IZA Institute of Labor Economics : February 2021
Erscheinungsort: (Ort)Bonn
Extent: 1 Online-Ressource (64 Seiten) : Diagramme
Umfang: (Dateityp; Kodierungsformat)Textdatei; PDF
Series: Discussion paper series / IZA Institute of Labor Economics ; no. 14091
Links: Fulltext
HBZ-ID: HT020830935 » further libraries in North Rhine-Westphalia
Database: ULB Bonn