Time preference and health behaviour: A review
AbstractTime preferences indicate preferences over streams of future consumption which significantly shape individual decision making including the health domain. In this paper, we review published studies to assess the influence of time preferences on human health behaviour. We first discuss the theoretical background of time preferences; ascertain the differences between private and social discount rates; identify the impact of time preferences on governments of developing nations; and then assess how time preferences influence risky behaviour such as being overweight, smoking, and engaging in risky sexual behaviour. The issue of whether to use proxies or experimental time preference elicitation methods in time preference studies is also addressed.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 45382.
Date of creation: 21 Mar 2013
Date of revision:
time preference; health domain; risk aversion; discount rate; behaviour;
Find related papers by JEL classification:
- D90 - Microeconomics - - Intertemporal Choice - - - General
- I0 - Health, Education, and Welfare - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-30 (All new papers)
- NEP-CBE-2013-03-30 (Cognitive & Behavioural Economics)
- NEP-EXP-2013-03-30 (Experimental Economics)
- NEP-HEA-2013-03-30 (Health Economics)
- NEP-HIS-2013-03-30 (Business, Economic & Financial History)
- NEP-UPT-2013-03-30 (Utility Models & Prospect Theory)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Blaylock, James & Smallwood, David & Kassel, Kathleen & Variyam, Jay & Aldrich, Lorna, 1999.
"Economics, food choices, and nutrition,"
Elsevier, vol. 24(2-3), pages 269-286, May.
- Steffen Andersen & Glenn W. Harrison & Morten I. Lau & E. Elisabet Rutström, 2008. "Eliciting Risk and Time Preferences," Econometrica, Econometric Society, vol. 76(3), pages 583-618, 05.
- Shapiro, Jesse & Glaeser, Edward & Cutler, David, 2003. "Why Have Americans Become More Obese," Scholarly Articles 2640583, Harvard University Department of Economics.
- Robert Rosenman, 2009.
"The Public Finance of Healthy Behavior,"
2009-18, School of Economic Sciences, Washington State University.
- James Andreoni & Charles Sprenger, 2010.
"Estimating Time Preferences from Convex Budgets,"
Levine's Working Paper Archive
814577000000000457, David K. Levine.
- David Cutler & Edward Glaeser & Jesse Shapiro, 2003.
"Why Have Americans Become More Obese?,"
NBER Working Papers
9446, National Bureau of Economic Research, Inc.
- David M. Cutler & Edward L. Glaeser & Jesse M. Shapiro, 2003. "Why Have Americans Become More Obese?," Harvard Institute of Economic Research Working Papers 1994, Harvard - Institute of Economic Research.
- Anderson, Lisa R. & Mellor, Jennifer M., 2008.
"Predicting health behaviors with an experimental measure of risk preference,"
Journal of Health Economics,
Elsevier, vol. 27(5), pages 1260-1274, September.
- Lisa R. Anderson & Jennifer M. Mellor, 2007. "Predicting Health Behaviors with an Experimental Measure of Risk Preference," Working Papers 59, Department of Economics, College of William and Mary.
- Padmaja Ayyagari & Daniel Grossman & Frank Sloan, 2011. "Education and health: evidence on adults with diabetes," International Journal of Health Care Finance and Economics, Springer, vol. 11(1), pages 35-54, March.
- Ted O’Donoghue & Matthew Rabin, 2001.
"Risky Behavior among Youths: Some Issues from Behavioral Economics,"
in: Risky Behavior among Youths: An Economic Analysis, pages 29-68
National Bureau of Economic Research, Inc.
- O'Donoghue, Ted & Rabin, Matthew, 2000. "Risky Behavior Among Youths: Some Issues from Behavioral Economics," Department of Economics, Working Paper Series qt5sf0z5rs, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Ted O'Donoghue and Matthew Rabin., 2000. "Risky Behavior Among Youths: Some Issues from Behavioral Economics," Economics Working Papers E00-285, University of California at Berkeley.
- Robberstad, Bjarne, 2005. "Estimation of private and social time preferences for health in northern Tanzania," Social Science & Medicine, Elsevier, vol. 61(7), pages 1597-1607, October.
- Robert L. Scharff & W. Kip Viscusi, 2011. "Heterogeneous Rates Of Time Preference And The Decision To Smoke," Economic Inquiry, Western Economic Association International, vol. 49(4), pages 959-972, October.
- James Hammitt & Jin-Tan Liu, 2004.
"Effects of Disease Type and Latency on the Value of Mortality Risk,"
Journal of Risk and Uncertainty,
Springer, vol. 28(1), pages 73-95, January.
- Jin-Tan Liu & James K. Hammitt, 2003. "Effects of Disease Type and Latency on the Value of Mortality Risk," NBER Working Papers 10012, National Bureau of Economic Research, Inc.
- Loewenstein, George & Prelec, Drazen, 1992. "Anomalies in Intertemporal Choice: Evidence and an Interpretation," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 573-97, May.
- Padmaja Ayyagari & Daniel Grossman & Frank Sloan, 2011. "Erratum to: Education and health: evidence on adults with diabetes," International Journal of Health Care Finance and Economics, Springer, vol. 11(3), pages 221-222, September.
- Chen, Keith & Lange, Fabian, 2008. "Education, Information, and Improved Health: Evidence from Breast Cancer Screening," IZA Discussion Papers 3548, Institute for the Study of Labor (IZA).
- Josef Fersterer & Rudolf Winter-Ebmer, 2000.
"Smoking, discount rates, and returns to education,"
Economics working papers
2000-02, Department of Economics, Johannes Kepler University Linz, Austria.
- Seonghoon Hong & Alan R. Collins, 2010. "The Impact Of Antismoking Policies In Korea On Quit Success And Smoking Intentions," Contemporary Economic Policy, Western Economic Association International, vol. 28(4), pages 474-487, October.
- Ida, Takanori & Goto, Rei, 2009. "Interdependency among addictive behaviours and time/risk preferences: Discrete choice model analysis of smoking, drinking, and gambling," Journal of Economic Psychology, Elsevier, vol. 30(4), pages 608-621, August.
- Cheung, Stephen L., 2012. "Risk Preferences Are Not Time Preferences: Comment," IZA Discussion Papers 6762, Institute for the Study of Labor (IZA).
- Steffen Andersen & Glenn W. Harrison & Morten Lau & Elisabet E. Rutstroem, 2011. "Discounting Behavior: A Reconsideration," Working Papers 2011_01, Durham University Business School.
- Khwaja, Ahmed & Silverman, Dan & Sloan, Frank, 2007.
"Time preference, time discounting, and smoking decisions,"
Journal of Health Economics,
Elsevier, vol. 26(5), pages 927-949, September.
- Ahmed Khwaja & Dan Silverman & Frank Sloan, 2006. "Time Preference, Time Discounting, and Smoking Decisions," NBER Working Papers 12615, National Bureau of Economic Research, Inc.
- Lakdawalla, Darius & Philipson, Tomas, 2009. "The growth of obesity and technological change," Economics & Human Biology, Elsevier, vol. 7(3), pages 283-293, December.
- Takanori Ida & Rei Goto, 2009. "Simultaneous Measurement Of Time And Risk Preferences: Stated Preference Discrete Choice Modeling Analysis Depending On Smoking Behavior," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(4), pages 1169-1182, November.
- Li-Wei Chao & Helena Szrek & Nuno Sousa Pereira & Mark V. Pauly, 2009.
"Time preference and its relationship with age, health, and survival probability,"
Judgment and Decision Making,
Society for Judgment and Decision Making, vol. 4(1), pages 1-19, February.
- Li-Wei Chao & Helena Szrek & Nuno Sousa Pereira & Mark V. Pauly, 2007. "Time Preference and Its Relationship with Age, Health, and Survival Probability," CEF.UP Working Papers 0706, Universidade do Porto, Faculdade de Economia do Porto.
- Olsen, Jan Abel, 1993. "On what basis should health be discounted?," Journal of Health Economics, Elsevier, vol. 12(1), pages 39-53, April.
- Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
- Shanmugam, K. R., 2006. "Rate of time preference and the quantity adjusted value of life in India," Environment and Development Economics, Cambridge University Press, vol. 11(05), pages 569-583, October.
- van der Pol, Marjon & Cairns, John, 2002. "A comparison of the discounted utility model and hyperbolic discounting models in the case of social and private intertemporal preferences for health," Journal of Economic Behavior & Organization, Elsevier, vol. 49(1), pages 79-96, September.
- Cutler, David M. & Lleras-Muney, Adriana, 2010. "Understanding differences in health behaviors by education," Journal of Health Economics, Elsevier, vol. 29(1), pages 1-28, January.
- Gabriel Picone & Frank Sloan & Donald Taylor, 2004. "Effects of Risk and Time Preference and Expected Longevity on Demand for Medical Tests," Journal of Risk and Uncertainty, Springer, vol. 28(1), pages 39-53, January.
- Angelina Lazaro & Ramon Barberan & Encarnacion Rubio, 2001. "Private and social time preferences for health and money: an empirical estimation," Health Economics, John Wiley & Sons, Ltd., vol. 10(4), pages 351-356.
- Eli Tsukayama & Angela Lee Duckworth, 2010. "Domain-specific temporal discounting and temptation," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 5(2), pages 72-82, April.
- Cutler, David M. & Lleras-Muney, Adriana, 2010. "Understanding Differences in Health Behaviors by Education," Scholarly Articles 5344195, Harvard University Department of Economics.
- Angelina Lazaro & Ramon Barberan & Encarnacion Rubio, 2002. "The economic evaluation of health programmes: why discount health consequences more than monetary consequences?," Applied Economics, Taylor & Francis Journals, vol. 34(3), pages 339-350.
- de Walque, Damien, 2007.
"How does the impact of an HIV/AIDS information campaign vary with educational attainment? Evidence from rural Uganda,"
Journal of Development Economics,
Elsevier, vol. 84(2), pages 686-714, November.
- De Walque, Damien, 2004. "How does the impact of an HIV/AIDS information campaign vary with educational attainment ? Evidence from rural Uganda," Policy Research Working Paper Series 3289, The World Bank.
- Frederick, Shane, 2006. "Valuing future life and future lives: A framework for understanding discounting," Journal of Economic Psychology, Elsevier, vol. 27(5), pages 667-680, October.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- #HEJC for 06/05/2013
by academichealtheconomists in The Academic Health Economists' Blog on 2013-04-29 09:14:56
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.