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Expropriation risk and discounting

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  • Immordino, Giovanni
  • Padula, Mario

Abstract

This paper focuses on time preference and individual measures of expropriation risk. We use survey data on Italian households and on the 50+ population in eleven European countries. The surveys provide measures of discount rate and proxies for expropriation due to criminal offenses. We show that impatience increases with expropriation risk.

Suggested Citation

  • Immordino, Giovanni & Padula, Mario, 2013. "Expropriation risk and discounting," Research in Economics, Elsevier, vol. 67(2), pages 145-156.
    • Handle: RePEc:eee:reecon:v:67:y:2013:i:2:p:145-156
    DOI: 10.1016/j.rie.2013.01.001
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