Conventionally economic growth theory was based on the assumption of a constant rate of time preference. Uzawa (1968 …) and Obstfeld (~, 1981) introduced the rate of time preference that increases with the utility level. Irving Fisher (The … paper assumes a non-monotonic time preference schedule such that people are more patient at the middle income levels and are …

This paper reports the results of an exploratory survey designed to measure differences in time preference across … individuals and to test for relationships between time preference and schooling, health behaviors, and health status …. Approximately 500 adults age 25-64 were surveyed by telephone. Time preference was measured by a series of six questions asking the …

time preference, are joined together. Capital formation, balance-of-payments behavior, and welfare are compared under … autarky and openness. With a positive natural rate of growth, the low-time-preference country runs a current account surplus …, integration in the world economy makes the high-time-preference country worse off in the short run. The ranking of stationary …

standard real options models assume that agents possess a constant rate of time preference, there is substantial evidence that …

The neoclassical growth model is modified to allow for a non-constant rate of time" preference. If the household cannot … results of the neoclassical" model. In this solution, the effective rate of time preference is high model has potentially …