Publication: Time discounting and wealth inequality
Time discounting and wealth inequality
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Epper, T., Fehr, E., Fehr-Duda, H., Thustrup Kreiner, C., Dreyer Lassen, D., Leth-Petersen, S., & Nytoft Rasmussen, G. (2018). Time discounting and wealth inequality. https://www.semanticscholar.org/paper/Time-Discounting-and-Wealth-Inequality-∗-Epper-Fehr/58b56bccebd53026de7542ebde5020b2af2cf34e
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We use standard experimental methods to elicit how much people discount the future for a large sample of middle-aged individuals in Denmark and link it to information about their real-life wealth over a 15-year period obtained from administrative registers. The results show that individuals with relatively low time discounting are consistently positioned higher in the wealth distribution. The association between time discounting and the position in the wealth distribution is significant and of the same magnitude as the association bet
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Epper, T., Fehr, E., Fehr-Duda, H., Thustrup Kreiner, C., Dreyer Lassen, D., Leth-Petersen, S., & Nytoft Rasmussen, G. (2018). Time discounting and wealth inequality. https://www.semanticscholar.org/paper/Time-Discounting-and-Wealth-Inequality-∗-Epper-Fehr/58b56bccebd53026de7542ebde5020b2af2cf34e
