کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
983496 | 934019 | 2013 | 12 صفحه PDF | دانلود رایگان |

This paper focuses on time preference and individual measures of expropriation risk. We use survey data on Italian households and on the 50+ population in eleven European countries. The surveys provide measures of discount rate and proxies for expropriation due to criminal offenses. We show that impatience increases with expropriation risk.
► We provide measures of impatience and expropriation risk using Italian and cross-country micro-data.
► We investigate the relation between impatience and expropriation risk.
► Both the Italian and the cross-country data show that impatience increases with expropriation risk.
► To rationalize this finding, we provide a model where preferences are allowed to be affected by risk.
► We show that there can exist a configuration of model's parameters, which can account for the empirical results.
Journal: Research in Economics - Volume 67, Issue 2, June 2013, Pages 145–156