Time Preference and Health: An Exploratory Study
In: Economic Aspects of Health
This paper reports the results of an exploratory survey designed to measure differences in time preference across individuals and to test for relationships between time preference and schooling, health behaviors, and health status. Approximately 500 adults age 25-64 were surveyed by telephone. Time preference was measured by a series of six questions asking the respondent to choose between a sum of money now and a larger sum at a specific point in the future. Approximately two-thirds gave consistent replies to the six questions. The implicit interest rate revealed in their replies is weakly correlated with years of schooling (negative), cigarette smoking (positive), and health status(negative). Family background, especially religion, appears to be an important determinant of time preference.
(This abstract was borrowed from another version of this item.)
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in: Household Production and Consumption, pages 147-224
National Bureau of Economic Research, Inc.
- Michael Grossman, 1972. "The Demand for Health: A Theoretical and Empirical Investigation," NBER Books, National Bureau of Economic Research, Inc, number gros72-1.
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- repec:uwp:jhriss:v:9:y:1974:i:4:p:530-555 is not listed on IDEAS
- repec:uwp:jhriss:v:4:y:1969:i:4:p:411-436 is not listed on IDEAS
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