丹麦的恒定折扣、时间不稳定性和动态不一致性:纵向实地实验

IF 1.5 3区 经济学 Q2 ECONOMICS International Economic Review Pub Date : 2024-08-31 DOI:10.1111/iere.12729
Glenn W. Harrison, Morten I. Lau, Hong Il Yoo
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引用次数: 0

摘要

关于个人具有动态不一致偏好的说法,通常是通过研究不同时间延迟的个人贴现率得出的,但这些贴现率是在单个时间点得出的。然而,要检验动态不一致性,就必须知道同一研究对象在稍后的时间点是否具有不同的贴现函数。我们评估了一项具有全国代表性的丹麦成年人口纵向实地实验的数据。我们无法否定在人口水平上恒定贴现的假设,但我们否定了时间稳定性和动态一致性的假设。
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CONSTANT DISCOUNTING, TEMPORAL INSTABILITY, AND DYNAMIC INCONSISTENCY IN DENMARK: A LONGITUDINAL FIELD EXPERIMENT
Claims that individuals have dynamically inconsistent preferences are usually made by studying individual discount rates over different time delays, but where those discount rates are elicited at a single point in time. However, to test dynamic inconsistency one has to know if the same subject has a different discounting function at a later point in time. We evaluate data from a longitudinal field experiment undertaken with a nationally representative sample of the adult Danish population. We cannot reject the hypothesis of constant discounting at the population level, but we reject the hypotheses of temporal stability and dynamic consistency.
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来源期刊
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期刊介绍: The International Economic Review was established in 1960 to provide a forum for modern quantitative economics. From its inception, the journal has tried to stimulate economic research around the world by publishing cutting edge papers in many areas of economics, including econometrics, economic theory, macro, and applied economics.
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