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Time preference and health behaviour: A review

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  • Lawless, Lydia J.R.
  • Nayga, Rodolfo
  • Drichoutis, Andreas

Abstract

Time preferences indicate preferences over streams of future consumption which significantly shape individual decision making including the health domain. In this paper, we review published studies to assess the influence of time preferences on human health behaviour. We first discuss the theoretical background of time preferences; ascertain the differences between private and social discount rates; identify the impact of time preferences on governments of developing nations; and then assess how time preferences influence risky behaviour such as being overweight, smoking, and engaging in risky sexual behaviour. The issue of whether to use proxies or experimental time preference elicitation methods in time preference studies is also addressed.

Suggested Citation

  • Lawless, Lydia J.R. & Nayga, Rodolfo & Drichoutis, Andreas, 2013. "Time preference and health behaviour: A review," MPRA Paper 45382, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:45382
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    References listed on IDEAS

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. #HEJC for 06/05/2013
      by academichealtheconomists in The Academic Health Economists' Blog on 2013-04-29 14:14:56

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    Cited by:

    1. repec:zbw:iamost:86 is not listed on IDEAS
    2. Botkins, Elizabeth Robison, 2015. "Does Health Insurance Encourage Obesity? A Moral Hazard Study," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 206228, Agricultural and Applied Economics Association;Western Agricultural Economics Association.
    3. Burggraf, Christine & Teuber, Ramona & Brosig, Stephan & Glauben, Thomas, 2015. "Economic growth and the demand for dietary quality: Evidence from Russia during transition," Economics & Human Biology, Elsevier, vol. 19(C), pages 184-203.
    4. repec:kap:jfamec:v:38:y:2017:i:2:d:10.1007_s10834-016-9513-4 is not listed on IDEAS
    5. repec:ags:iaae15:211447 is not listed on IDEAS
    6. Strulik, Holger & Trimborn, Timo, 2016. "Hyperbolic discounting can be good for your health," ECON WPS - Vienna University of Technology Working Papers in Economic Theory and Policy 11/2016, Vienna University of Technology, Institute for Mathematical Methods in Economics, Research Group Economics (ECON).
    7. Bénédicte H. Apouey, 2017. "Preparation for old age in France: The roles of preferences and expectations," PSE Working Papers halshs-01489215, HAL.
    8. De Marchi, Elisa & Caputo, Vincenzina & Nayga, Rodolfo M. & Banterle, Alessandro, 2016. "Time preferences and food choices: Evidence from a choice experiment," Food Policy, Elsevier, vol. 62(C), pages 99-109.
    9. Marjon Pol & Deirdre Hennessy & Braden Manns, 2017. "The role of time and risk preferences in adherence to physician advice on health behavior change," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 18(3), pages 373-386, April.
    10. Cavaliere, Alessia & De Marchi, Elisa & Banterle, Alessandro, 2015. "Information based food policy: is nutritional label the right instrument for everyone?," 2015 Conference, August 9-14, 2015, Milan, Italy 211399, International Association of Agricultural Economists.

    More about this item

    Keywords

    time preference; health domain; risk aversion; discount rate; behaviour;

    JEL classification:

    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • I0 - Health, Education, and Welfare - - General

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