Time Preference and Health: An Exploratory Study
AbstractThis paper reports the results of an exploratory survey designed to measure differences in time preference across individuals and to test for relationships between time preference and schooling, health behaviors, and health status. Approximately 500 adults age 25-64 were surveyed by telephone. Time preference was measured by a series of six questions asking the respondent to choose between a sum of money now and a larger sum at a specific point in the future. Approximately two-thirds gave consistent replies to the six questions. The implicit interest rate revealed in their replies is weakly correlated with years of schooling (negative), cigarette smoking (positive), and health status(negative). Family background, especially religion, appears to be an important determinant of time preference.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 0539.
Date of creation: Jul 1982
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Publication status: published as Victor R. Fuchs. "Time Preference and Health: An Exploratory Study," in Victor R. Fuchs, editor, "Economic Aspects of Health" University of Chicago Press (1982)
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NBER Working Papers
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Levine's Working Paper Archive
7656, David K. Levine.
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