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Inequality aversion, social discount, and time discount rates

Takanori Ida and Kazuhito Ogawa ()

International Journal of Social Economics, 2012, vol. 39, issue 5, 314-329

Abstract: Purpose - This paper aims to conduct a hypothetical dictator game with social distance and time delays using conjoint analysis. Design/methodology/approach - Responses from 1,347 Japanese adults are collected through an online survey, and their responses are analyzed using a random parameter logit model. Findings - The paper finds that social preference for the present income of a stranger equals social preference for the income of an acquaintance 140 days later, of a close friend 224 days later, and of a family member 255 days later. Originality/value - The paper simultaneously estimates social preference parameters, including the inequality aversion rate, the social discount rate, and the time discount rate.

Keywords: Inequality aversion; Social discount; Time discount; Japan; Stochastic games; Individual behaviour (search for similar items in EconPapers)
Date: 2012
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