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The Agricultural Origins of Time Preference

Oded Galor and Ömer Özak

MPRA Paper from University Library of Munich, Germany

Abstract: This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically that geographical variations in the natural return to agricultural investment have had a persistent effect on the distribution of time preference across societies. In particular, exploiting a natural experiment associated with the expansion of suitable crops for cultivation in the course of the Columbian Exchange, the research establishes that pre-industrial agro-climatic characteristics that were conducive to higher return to agricultural investment, triggered selection and learning processes that had a persistent positive effect on the prevalence of long-term orientation in the contemporary era.

Keywords: Time preference; Delayed Gratification; Economic Growth; Culture; Agriculture; Economic Development; Evolution; Comparative Development; Human Capital; Education; Smoking (search for similar items in EconPapers)
JEL-codes: D14 D9 E2 I12 I25 J24 J26 O1 O3 O4 Z1 (search for similar items in EconPapers)
Date: 2016-04-12
New Economics Papers: this item is included in nep-agr, nep-evo, nep-his, nep-hpe, nep-lma, nep-mac and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (339)

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https://mpra.ub.uni-muenchen.de/70719/1/MPRA_paper_70719.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/72179/8/MPRA_paper_72179.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/72289/15/MPRA_paper_72289.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/73170/1/MPRA_paper_73170.pdf revised version (application/pdf)

Related works:
Journal Article: The Agricultural Origins of Time Preference (2016) Downloads
Working Paper: The Agricultural Origins of Time Preference (2015) Downloads
Working Paper: The Agricultural Origins of Time Preference (2015) Downloads
Working Paper: The Agricultural Origins of Time Preference (2014) Downloads
Working Paper: The Agricultural Origins of Time Preference (2014) Downloads
Working Paper: The Agricultural Origins of Time Preference (2014) Downloads
Working Paper: The Agricultural Origins of Time Preference (2014) Downloads
Working Paper: The Agricultural Origins of Time Preference (2014) Downloads
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