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Discounting in developing countries: a pilot experiment in Timor-Leste

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Author Info

  • Anabela Botelho

    ()
    (NIMA, Universidade do Minho)

  • Glenn W. Harrison

    ()
    (University of Central Florida)

  • Lígia Pinto

    ()
    (NIMA, Universidade do Minho)

  • Elisabet E. Rutstrom

    ()
    (University of Central Florida)

  • Paula Veiga

    ()
    (NIMA, Universidade do Minho)

Abstract

We conduct laboratory experiments in Timor-Leste designed to test if individual discount rates vary with the time horizon for which the rate is elicited. Our experiments test a design that has been successfully employed in field experiments in developed countries, and that avoids several confounds of previous procedures. We find that there is considerable heterogeneity in individual discount rates, and that this heterogeneity is associated with observable demographic characteristics. We also find evidence that is consistent with exponential discounting behavior, although our sample sizes do not allow us to definitively reject alternative specifications. We discuss modifications of our laboratory experiments that would facilitate field experiments in Timor-Leste.

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Bibliographic Info

Paper provided by Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho in its series NIMA Working Papers with number 31.

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Length: 34 pages
Date of creation: Nov 2005
Date of revision:
Handle: RePEc:nim:nimawp:31/2005

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Cited by:
  1. Anabela Botelho & Ligia Costa Pinto, 2001. "Hypothetical, real, and predicted real willingness to pay in open-ended surveys: experimental results," NIMA Working Papers 12, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
  2. Oksana Tokarchuk, 2008. "Construction of time preference: an investigation of the role of elicitation method in experimental elicitation of time preference," DISA Working Papers 0808, Department of Computer and Management Sciences, University of Trento, Italy, revised 11 Nov 2008.
  3. Aslan Zorlu & Joop Hartog, 2002. "The effect of immigration on wages in three European countries," NIMA Working Papers 19, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
  4. Anabela Botelho & Ligia Costa Pinto & Miguel Portela & Antonio Silva, 2001. "The determinants of success in university entrance," NIMA Working Papers 13, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
  5. Judith Lammers & Sweder van Wijnbergen, 2007. "HIV/AIDS, Risk Aversion and Intertemporal Choice," Tinbergen Institute Discussion Papers 07-098/1, Tinbergen Institute, revised 31 Jan 2008.
  6. Elvira Lima & Teresa J. Esquerdo, 2003. "The economic costs of alcohol misuse in Portugal," NIMA Working Papers 24, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
  7. Ana Rute Cardoso & Priscila Ferreira, 2001. "The dynamics of job creation and destruction for University graduates: why a rising unemployment rate can be misleading," NIMA Working Papers 10, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
  8. Botelho, Anabela & Pinto, Ligia Costa, 2004. "Students' expectations of the economic returns to college education: results of a controlled experiment," Economics of Education Review, Elsevier, vol. 23(6), pages 645-653, December.
  9. Pinto, Ligia M. & Harrison, Glenn W., 2003. "Multilateral negotiations over climate change policy," Journal of Policy Modeling, Elsevier, vol. 25(9), pages 911-930, December.
  10. Joao Cerejeira da Silva, 2002. "Identification of the Portuguese industrial districts," NIMA Working Papers 17, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
  11. Cardoso, Ana Rute & Portugal, Pedro, 2001. "Disentangling the Minimum Wage Puzzle: An Analysis of Job Accessions and Separations from a Longitudinal Matched Employer-Employee Data Set," CEPR Discussion Papers 2844, C.E.P.R. Discussion Papers.
  12. Tatiana Kossova & Elena Kossova & Maria Sheluntcova, 2012. "Estimating the relationship between rate of time preferences and socio-economic factors in Russia," HSE Working papers WP BRP 23/EC/2012, National Research University Higher School of Economics.
  13. Elvira Lima & David K. Whynes, 2003. "Finance and performance of Portuguese hospitals," NIMA Working Papers 20, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
  14. Anabela Botelho, 2001. "Strategic behavior at trial-The production, reporting, and evaluation of complex evidence," NIMA Working Papers 14, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
  15. Paulo Guimaraes, 2001. "The state of Portuguese research in economics: an anlysis based on publications in international journals," NIMA Working Papers 15, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.

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