Time, risk, and social preferences can play a major role in the development of the country. In order to explore these, we conducted a survey of 614 subjects in India. Our results based on the correlations of positive reciprocity and time preferences, trust and cognitive ability, and negative...

The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate economic outcomes. We investigate how different manifestations of other-regarding preferences affect incentive contracts at the microeconomic level and how these in turn translate into...