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Valuing future benefits

Valuing future benefits This paper reports the results of a study of time preference amongst the general public in the Grampian region of Scotland. The subjects, who were selected randomly from the electoral roll, were offered a series of inter‐temporal choices. Their responses were used to calculate private financial time preference rates, social non‐monetary time preference rates and social financial time preference rates. The paper investigates the relationship between these three measures of time preference in both the short and the long run. It also explores the effects of individual characteristics, including age, and health, on the implicit discount rates. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Health Economics Wiley

Valuing future benefits

Cairns, John A.
Health Economics , Volume 3 (4) – Jul 1, 1994
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References (21)

Publisher
Wiley
Copyright
Copyright © 1994 John Wiley & Sons, Ltd.
ISSN
1057-9230
eISSN
1099-1050
DOI
10.1002/hec.4730030404
Publisher site
See Article on Publisher Site

Abstract

This paper reports the results of a study of time preference amongst the general public in the Grampian region of Scotland. The subjects, who were selected randomly from the electoral roll, were offered a series of inter‐temporal choices. Their responses were used to calculate private financial time preference rates, social non‐monetary time preference rates and social financial time preference rates. The paper investigates the relationship between these three measures of time preference in both the short and the long run. It also explores the effects of individual characteristics, including age, and health, on the implicit discount rates.

Journal

Health Economics – Wiley

Published: Jul 1, 1994

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