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Inequality aversion, social discount, and time discount rates

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Author Info

  • Takanori Ida
  • Kazuhito Ogawa

Abstract

Purpose – This paper aims to conduct a hypothetical dictator game with social distance and time delays using conjoint analysis. Design/methodology/approach – Responses from 1,347 Japanese adults are collected through an online survey, and their responses are analyzed using a random parameter logit model. Findings – The paper finds that social preference for the present income of a stranger equals social preference for the income of an acquaintance 140 days later, of a close friend 224 days later, and of a family member 255 days later. Originality/value – The paper simultaneously estimates social preference parameters, including the inequality aversion rate, the social discount rate, and the time discount rate.

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Bibliographic Info

Article provided by Emerald Group Publishing in its journal International Journal of Social Economics.

Volume (Year): 39 (2012)
Issue (Month): 5 (May)
Pages: 314-329

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Handle: RePEc:eme:ijsepp:v:39:y:2012:i:5:p:314-329

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Web page: http://www.emeraldinsight.com

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Related research

Keywords: Individual behaviour; Inequality aversion; Japan; Social discount; Stochastic games; Time discount;

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References

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