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Arbeitsuche 1 Einkommen 1 Experiment 1 Income 1 Intertemporal choice 1 Intertemporale Entscheidung 1 Job search 1 Theorie 1 Theory 1
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Free 1
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English 1
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Belot, Michèle 1 Kircher, Philipp 1 Muller, Paul 1
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Tinbergen Institute Discussion Paper 2021-013/V 1
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ECONIS (ZBW) 1
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Eliciting time preferences when income and consumption vary : Theory, validation & application to job search
Belot, Michèle; Kircher, Philipp; Muller, Paul - 2021
We propose a simple method for eliciting individual time preferences without estimating utility functions even in settings where background consumption changes over time. It relies on lottery tickets with high rewards. In a standard intertemporal choice model high rewards decouple lottery...
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