Individual time preferences of married couples in a fisheries society
Yayan Hernuryadin (),
Koji Kotani () and
Tatsuyoshi Saijo ()
No SDES-2018-5, Working Papers from Kochi University of Technology, School of Economics and Management
Overexploitation of marine resources in Indonesia is threatening their sustainability and is considered to be induced by shortsightedness of fishermen and/or of their wives at household level. Given this states of affairs, we address individual time preferences of married couples (fishermen and their wives) in fisheries. To this end, we conduct an individual discounting elicitation experiment with 200 married couples (200 fishermen and 200 fishermenâ€™s wives) in an Indonesian fisheries society, Karawang regency. We find that fishermenâ€™s discount factors are slightly higher than their wivesâ€™ ones on an average with positive correlation between the two, and their incomes have idiosyncratic influences on individual time preferences of a couple. Fishermenâ€™s incomes weakly influence only wivesâ€™ time preferences, while wivesâ€™ incomes significantly and positively affect not only fishermenâ€™s but also wivesâ€™ time preferences to be farsighted. The betafit regression demonstrates that a wifeâ€™s (fishermanâ€™s) discount factor increases by 5.1% (5.6 %) when a wifeâ€™s income increases by 1 million Rp. This result suggests that economic empowerment of fishermenâ€™s wives is key for sustainability of marine resources and societies in Indonesia.
Keywords: Time preferences; Income; Fishermen; Fishermen's wives; Fisheries society (search for similar items in EconPapers)
Pages: 29 pages
Date: 2018-08, Revised 2018-08
New Economics Papers: this item is included in nep-exp and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Published in SDE Series, August 2018, pages 1-29
Downloads: (external link)
http://www.souken.kochi-tech.ac.jp/seido/wp/SDES-2018-5.pdf First version, 2018 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kch:wpaper:sdes-2018-5
Access Statistics for this paper
More papers in Working Papers from Kochi University of Technology, School of Economics and Management Contact information at EDIRC.
Bibliographic data for series maintained by Sachiko Minami ().