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Time preferences and political regimes: Evidence from reunified Germany

Markus Pannenberg and Tim Friehe

Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: This paper presents evidence on the impact of political regimes on time preferences using survey measures of present bias and patience. Treating the German separation and reunification as a natural experiment, our results indicate that the GDR's socialist regime significantly diminished the present bias of its former citizens, while their patience appears to be unaffected.

JEL-codes: D02 D12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pol
Date: 2017
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https://www.econstor.eu/bitstream/10419/168173/1/VfS-2017-pid-2960.pdf (application/pdf)

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Working Paper: Time preferences and political regimes: Evidence from reunified Germany (2019) Downloads
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