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Time preferences and political regimes: Evidence from reunified Germany

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  • Pannenberg, Markus
  • Friehe, Tim

Abstract

This paper presents evidence on the impact of political regimes on time preferences using survey measures of present bias and patience. Treating the German separation and reunification as a natural experiment, our results indicate that the GDR's socialist regime significantly diminished the present bias of its former citizens, while their patience appears to be unaffected.

Suggested Citation

  • Pannenberg, Markus & Friehe, Tim, 2017. "Time preferences and political regimes: Evidence from reunified Germany," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168173, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc17:168173
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    4. Cobb-Clark, Deborah A. & Dahmann, Sarah Christina & Kamhöfer, Daniel A. & Schildberg-Hörisch, Hannah, 2019. "Self-control: Determinants, life outcomes and intergenerational implications," DICE Discussion Papers 319, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    5. Breitkopf, Laura & Chowdhury, Shyamal K. & Priyam, Shambhavi & Schildberg-Hörisch, Hannah & Sutter, Matthias, 2020. "Do economic preferences of children predict behavior?," DICE Discussion Papers 342, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
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    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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