EconPapers    
Economics at your fingertips  
 

How to measure time preferences in children – A comparison of two methods

Silvia Angerer, Daniela Glätzle-Rützler (), Philipp Lergetporer () and Matthias Sutter ()

No 207, ifo Working Paper Series from ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Abstract: We measure time preferences in a sample of 561 children aged seven to eleven years. Using a within-subject design we compare the behavior of our subjects in two distinct experimental tasks: a standard choice list with multiple decisions and a simpler time-investment-exercise requiring one decision only. We find that both measures yield very similar aggregate results, correlate significantly within subjects and can be explained by basically the same explanatory variables. Advantages and disadvantages of both measures as well as gender differences are discussed. Our findings are relevant for the design of experiments to measure time preferences.

Keywords: Time preferences; experiment; method; children (search for similar items in EconPapers)
JEL-codes: C91 D03 B41 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11) Track citations by RSS feed

Downloads: (external link)
http://www.cesifo-group.de/DocDL/wp-2015-207-lerge ... time-preferences.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:ifowps:_207

Access Statistics for this paper

More papers in ifo Working Paper Series from ifo Institute - Leibniz Institute for Economic Research at the University of Munich Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().

 
Page updated 2019-05-02
Handle: RePEc:ces:ifowps:_207