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.

JEL-codes: B41 C91 D03 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (37)

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Journal Article: How to measure time preferences in children: a comparison of two methods (2015)
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