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Inequality aversion, social discount, and time discount rates

Purpose - This paper aims to conduct a hypothetical dictator game with social distance and time delays using conjoint analysis. Design/methodology/approach - Responses from 1,347 Japanese adults are collected through an online survey, and their responses are analyzed using a random parameter logit model. Findings - The paper finds that social preference for the present income of a stranger equals social preference for the income of an acquaintance 140 days later, of a close friend 224 days later, and of a family member 255 days later. Originality/value - The paper simultaneously estimates social preference parameters, including the inequality aversion rate, the social discount rate, and the time discount rate.

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Article provided by Emerald Group Publishing in its journal International Journal of Social Economics.

Volume (Year): 39 (2012)
Issue (Month): 5 (June)
Pages: 314-329

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Handle: RePEc:eme:ijsepp:v:39:y:2012:i:5:p:314-329
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  13. Fernando Aguiar & Pablo Brañas-Garza & Ramón Cobo-Reyes & Natalia Jimenez & Luis Miller, 2009. "Are women expected to be more generous?," Experimental Economics, Springer;Economic Science Association, vol. 12(1), pages 93-98, March.
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  20. Johannesson, Magnus & Persson, Bjorn, 2000. "Non-reciprocal altruism in dictator games," Economics Letters, Elsevier, vol. 69(2), pages 137-142, November.
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  22. Charness, Gary & Gneezy, Uri, 2008. "What's in a name? Anonymity and social distance in dictator and ultimatum games," Journal of Economic Behavior & Organization, Elsevier, vol. 68(1), pages 29-35, October.
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