Time preferences and political regimes: Evidence from reunified Germany
Markus Pannenberg and
Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association
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)
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Journal Article: Time preferences and political regimes: evidence from reunified Germany (2020)
Working Paper: Time preferences and political regimes: Evidence from reunified Germany (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168173
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