Credit Constraints and the Measurement of Time Preferences
成果类型：
Article
署名作者：
Dean, Mark; Sautmann, Anja
署名单位：
Columbia University; The World Bank
刊物名称：
REVIEW OF ECONOMICS AND STATISTICS
ISSN/ISSBN：
0034-6535
DOI：
10.1162/rest_a_00903
发表日期：
2021-03
页码：
119-135
关键词：
摘要：
Incentivized experiments are often used to identify the time preferences of households in developing countries. We argue theoretically and empirically that experimental measures may not identify preference parameters, but are a useful tool for understanding financial shocks and constraints. Using data from an experiment in Mali, we find that subject responses vary with savings and financial shocks, meaning they provide information about credit constraints and can be used to test models of risk sharing.
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