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Inequality aversion, social discount, and time discount rates

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  • Takanori Ida
  • Kazuhito Ogawa

Abstract

Purpose - We 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 - 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- We simultaneously estimate social preference parameters including the inequality aversion rate, the social discount rate, and the time discount rate Headings - Inequality aversion, social discount, and time discount Keywords - dictator game, inequality aversion, social discounting, time discounting Paper type – Research paper

Suggested Citation

  • Takanori Ida & Kazuhito Ogawa, 2010. "Inequality aversion, social discount, and time discount rates," Discussion papers e-10-013, Graduate School of Economics Project Center, Kyoto University.
  • Handle: RePEc:kue:dpaper:e-10-013
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    Cited by:

    1. Shusaku Sasaki & Naoko Okuyama & Masao Ogaki & Fumio Ohtake, 2017. "Education and pro-family altruistic discrimination against foreigners: Five-country comparisons," ISER Discussion Paper 1002, Institute of Social and Economic Research, Osaka University.
    2. Dorian Jullien, 2016. "Under Uncertainty, Over Time and Regarding Other People: Rationality in 3D," GREDEG Working Papers 2016-20, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
    3. Dorian Jullien, 2017. "Under Risk, Over Time, Regarding Other People: Language and Rationality Within Three Dimensions
      [Face au risque, dans le temps, par rapport aux autres : langage et rationalité dans trois dimensions
      ," Post-Print halshs-01651042, HAL.

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