Expropriation risk and discounting

Giovanni Immordino and Mario Padula

Research in Economics, 2013, vol. 67, issue 2, 145-156

Abstract: This paper focuses on time preference and individual measures of expropriation risk. We use survey data on Italian households and on the 50+ population in eleven European countries. The surveys provide measures of discount rate and proxies for expropriation due to criminal offenses. We show that impatience increases with expropriation risk.

Keywords: Household preferences; Discounting; Expropriation risk (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reecon:v:67:y:2013:i:2:p:145-156

DOI: 10.1016/j.rie.2013.01.001

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