The globalizability of temporal discounting.

Journal: Nature human behaviour

Volume: 6

Issue: 10

Year of Publication: 2022

Affiliated Institutions:  Columbia University, New York, NY, USA. kai.ruggeri@columbia.edu. UC Louvain, Louvain, Belgium. Faculty of Media and Communications, Belgrade, Serbia. University of Amsterdam, Amsterdam, the Netherlands. Columbia University, New York, NY, USA. University of Cambridge, Cambridge, UK. American University of Beirut, Beirut, Lebanon. UN Major Group for Children and Youth (UNMGCY), Kathmandu, Nepal. United Nations Children's Fund (UNICEF), Kathmandu, Nepal. PPR Svendborg, Svendborg, Denmark. Pontifical Catholic University of Rio de Janeiro, Rio de Janeiro, Brazil. Queen's University Belfast, Belfast, UK. University of Oxford, Oxford, UK. Nic Waals Institute, Oslo, Norway. St. Lawrence University, Canton, NY, USA. University College London, London, UK. Centro de Investigación y Docencias Económicas, Ciudad de México, México. University of Bologna, Bologna, Italy. Unaffiliated, Budapest, Hungary. Workforce Development Center, Nur-Sultan, Kazakhstan. University of Oslo, Oslo, Norway. University of St Andrews, St Andrews, UK. Oslo New University College, Oslo, Norway. Kyiv School of Economics, Kyiv, Ukraine. KU Leuven, Leuven, Belgium. University of Konstanz, Konstanz, Germany. Loyola University Chicago, Chicago, IL, USA. Duke Kunshan University, Kunshan, China. Leeds Beckett University, Leeds, UK. Transilvania University of Brasov, Brasov, Romania. Max Planck Institute for Psycholinguistics, Nijmegen, the Netherlands. National University of Singapore, Singapore, Singapore. The University of Hong Kong, Hong Kong SAR, China. Technische Universität Dresden, Dresden, Germany. University of Belgrade, Belgrade, Serbia. University of Jos, Jos, Nigeria. University of Zagreb, Zagreb, Croatia. Ain Shams University, Cairo, Egypt. Universitas Padjadjaran, Bandung, Indonesia. University of Padua, Padua, Italy. Universidad Torcuato Di Tella, Buenos Aires, Argentina. University of Vienna, Vienna, Austria. University of Tehran, Tehran, Iran. Max Planck Institute for Human Development, Berlin, Germany. Duke University, Durham, NC, USA. Unaffiliated, Prague, Czech Republic. University of Mannheim, Mannheim, Germany. Charles University, Prague, Czech Republic. Tilburg University, Tilburg, the Netherlands. Leiden University, Leiden, the Netherlands. University of Fort Hare, Alice, South Africa. Unaffiliated, London, UK. Sungkyunkwan University, Seoul, Republic of Korea. GREGHEC, CNRS, HEC Paris, Jouy en Josas, France. Harvard University, Boston, MA, USA. SWPS University of Social Sciences and Humanities, Warsaw, Poland. Emory University, Atlanta, GA, USA. University of Ljubljana, Ljubljana, Slovenia. University of Porto, Porto, Portugal. Harvard Kennedy School, Cambridge, MA, USA. Nazarbayev University, Nur-Sultan, Kazakhstan. University College Cork, Cork, Ireland. University of Groningen, Groningen, the Netherlands. Fundación Paraguaya, Asunción, Paraguay. Gombe State University, Gombe, Nigeria. University of Chicago, Chicago, IL, USA. Ss. Cyril and Methodius University, Skopje, North Macedonia. McGill University, Montreal, Quebec, Canada. Universidad Autónoma de Madrid, Madrid, Spain. Ludwig-Maximilians-Universität München, Munich, Germany. IPHS-Bulgarian Academy of Sciences, Sofia, Bulgaria. Ivo Pilar Institute of Social Sciences, Zagreb, Croatia. Bezirkskrankenhaus Straubing, Straubing, Germany. Sofia University St. Kliment Ohridski, Sofia, Bulgaria. University of Tartu, Tartu, Estonia. York University, Toronto, Ontario, Canada. University of Central Florida, Orlando, FL, USA. Prague University of Economics and Business, Prague, Czech Republic. Tel Aviv University, Tel Aviv, Israel. Helmut Schmidt University, Hamburg, Germany. Tbilisi State University, Tbilisi, Georgia. Erasmus University Rotterdam, Rotterdam, Netherlands. Uppsala University, Uppsala, Sweden. University of Cologne, Cologne, Germany. Max Planck Institute for Human Cognitive and Brain Sciences, Leipzig, Germany. Copenhagen University, Copenhagen, Denmark. Kaplan Business School, Sydney, New South Wales, Australia. Kyushu University, Fukuoka, Japan. University of Klagenfurt, Klagenfurt, Austria. Aarhus University, Aarhus, Denmark. Utrecht University, Utrecht, the Netherlands. University of Zurich, Zurich, Switzerland. Cornell University, Ithaca, NY, USA. New Bulgarian University, Sofia, Bulgaria. Universidad Camilo José Cela, Madrid, Spain.

Abstract summary 

Economic inequality is associated with preferences for smaller, immediate gains over larger, delayed ones. Such temporal discounting may feed into rising global inequality, yet it is unclear whether it is a function of choice preferences or norms, or rather the absence of sufficient resources for immediate needs. It is also not clear whether these reflect true differences in choice patterns between income groups. We tested temporal discounting and five intertemporal choice anomalies using local currencies and value standards in 61 countries (N = 13,629). Across a diverse sample, we found consistent, robust rates of choice anomalies. Lower-income groups were not significantly different, but economic inequality and broader financial circumstances were clearly correlated with population choice patterns.

Authors & Co-authors:  Ruggeri Panin Vdovic Većkalov Abdul-Salaam Achterberg Akil Amatya Amatya Andersen Aquino Arunasalam Ashcroft-Jones Askelund Ayacaxli Sheshdeh Bailey Barea Arroyo Mejía Benvenuti Berge Bermaganbet Bibilouri Bjørndal Black Lyshol Brik Buabang Burghart Bursalıoğlu Buzayu Čadek de Carvalho Cazan Çetinçelik Chai Chen Chen Clay D'Ambrogio Damnjanović Duffy Dugue Dwarkanath Envuladu Erceg Esteban-Serna Farahat Farrokhnia Fawad Fedryansyah Feng Filippi Fonollá Freichel Freira Friedemann Gao Ge Geiger George Grabovski Gracheva Gracheva Hajian Hasan Hecht Hong Hubená Ikonomeas Ilić Izydorczyk Jakob Janssens Jarke Kácha Kalinova Kapingura Karakasheva Kasdan Kemel Khorrami Krawiec Lagidze Lazarević Lazić Lee Lep Lins Lofthus Macchia Mamede Mamo Maratkyzy Mareva Marwaha McGill McParland Melnic Meyer Mizak Mohammed Mukhyshbayeva Navajas Neshevska Niazi Nieves Nippold Oberschulte Otto Pae Panchelieva Park Pascu Pavlović Petrović Popović Prinz Rachev Ranc Razum Rho Riitsalu Rocca Rosenbaum Rujimora Rusyidi Rutherford Said Sanguino Sarikaya Say Schuck Shiels Shir Sievert Soboleva Solomonia Soni Soysal Stablum Sundström Tang Tavera Taylor Tebbe Thommesen Tobias-Webb Todsen Toscano Tran Trinh Turati Ueda Vacondio Vakhitov Valencia Van Reyn Venema Verra Vintr Vranka Wagner Wu Xing Xu Xu Yamada Yosifova Zupan García-Garzon

Study Outcome 

Source Link: Visit source

Statistics
Citations :  Angrisani, M., Burke, J., Lusardi, A. & Mottola, G. The Stability and Predictive Power of Financial Literacy: Evidence from Longitudinal Data Working Paper No. 28125 (NBER, 2020); 10.3386/w28125
Authors :  171
Identifiers
Doi : 10.1038/s41562-022-01392-w
SSN : 2397-3374
Study Population
Male,Female
Mesh Terms
Humans
Other Terms
Study Design
Study Approach
Country of Study
Mali
Publication Country
England