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Social preferences, financial literacy and intertemporal choice

Author

Listed:
  • Da Silva, Sergio
  • De Faveri, Dinorá
  • Correa, Ana
  • Matsushita, Raul

Abstract

We evaluate the relationship between social preferences, financial literacy and intertemporal choice in questionnaires distributed to university students. Most respondents perform well on a financial literacy test, and the majority show prosocial value orientation. Older students tend to be more prosocial, but we cannot confirm in our sample that females are more prosocial than males. We cannot confirm, either, that the prosocial are more financially literate than individualists and the competitive. Most respondents do not show hyperbolic discounting, and its incidence abates as both stakes and payoff delays increase. Prosocial participants also reveal to be more patient across the questionnaires.

Suggested Citation

  • Da Silva, Sergio & De Faveri, Dinorá & Correa, Ana & Matsushita, Raul, 2017. "Social preferences, financial literacy and intertemporal choice," MPRA Paper 79535, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:79535
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Social preferences; Social Value Orientation; Financial literacy; Intertemporal choice; Hyperbolic discounting; Impatience;
    All these keywords.

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles

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