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Can I read Time Discounting and Wealth Inequality on EtoBox?
Time Discounting and Wealth Inequality by Thomas Epper; Ernst Fehr; Helga Fehr-Duda; Claus Thustrup Kreiner; David Dreyer Lassen; Søren Leth-Petersen; Gregers Nytoft Rasmussen is a Economics, Econometrics and Finance article available to read on EtoBox.
What is Time Discounting and Wealth Inequality about?
This paper documents a large association between individuals’ time discounting in incentivized experiments and their positions in the real-life wealth distribution derived from Danish high-quality administrative data for a large sample of middle-aged individuals. The association is stable over time, exists through the wealth distribution and remains large after controlling for education, income profile, school grades, initial wealth, parental wealth, credit constraints, demographics, risk preferences, and additional behavioral parameters. Our results suggest that savings behavior is a driver of the observed association between patience and wealth inequality as predicted by standard savings theory. (JEL C91, D15, D31, E21)
Who reads Time Discounting and Wealth Inequality?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Thomas Epper; Ernst Fehr; Helga Fehr-Duda; Claus Thustrup Kreiner; David Dreyer Lassen; Søren Leth-Petersen; Gregers Nytoft Rasmussen
- Publisher
- American Economic Association (ISSN 0002-8282)
- Published
- 2020
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)