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Estimating the relationship between rate of time preferences and socio-economic factors in Russia

  • Tatiana Kossova


    (Laboratory for Public Sector Economic Research, Center for Basic Research of the National Research University Higher School of Economics)

  • Elena Kossova


    (Laboratory for Public Sector Economic Research, Center for Basic Research of the National Research University Higher School of Economics)

  • Maria Sheluntcova


    (Laboratory for Public Sector Economic Research, Center for Basic Research of the National Research University Higher School of Economics)

Rate of time preferences reflect an individual’s opinion on how to distribute consumption over time. In this paper we examine various socio-economic factors that are related to rate of time preferences in Russia. The data are obtained from a survey from the Yuri Levada Analytical Center that was conducted in 2011. Our findings suggest that time preferences of men and women should be analyzed separately in Russia. Factors such as age, income, educational level, the size and structure of a household, marital status and place of residence have a significant impact on rate of time preferences. However, these socio-economic factors influence the rate of time preferences in different ways for men and women

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Paper provided by National Research University Higher School of Economics in its series HSE Working papers with number WP BRP 23/EC/2012.

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Length: 39 pages
Date of creation: 2012
Date of revision:
Publication status: Published in WP BRP Series: Economics / EC, December 2012, pages 1-39
Handle: RePEc:hig:wpaper:23/ec/2012
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