Time Preferences Across Language Groups: Evidence on Intertemporal Choices from the Swiss Language Border
BP2-STS
- Herz, Holger ORCID University of Fribourg
- Huber, Martin ORCID University of Fribourg
- Maillard-Bjedov, Tjasa University of Fribourg
- Tyahlo, Svitlana University of Fribourg
- 2021
Published in:
- The Economic Journal. - 2021, vol. 131 (October), p. 2920-2954
English
Differences in patience across language groups have recently received increased attention in the literature. We provide evidence on this issue by measuring time preferences of French and German speakers from a bilingual municipality in Switzerland where institutions are shared and socio-economic conditions are very similar across the two language groups. We find that French speakers are significantly more impatient than German speakers, and differences are particularly pronounced when payments in the present are involved. Estimates of preference parameters of a quasi-hyperbolic discounting model suggest significant differences in both present bias (β) and the long-run discount factor (δ) across language groups.
- Faculty
- Faculté des sciences économiques et sociales et du management
- Department
- Département d'économie politique
- Language
-
- English
- Classification
- Economics
- License
- License undefined
- Open access status
- green
- Identifiers
- Persistent URL
- https://folia.unifr.ch/unifr/documents/330273
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