Negative and zero time preference for health

M M Pol van der, J A Cairns

Research output: Contribution to journalArticle

56 Citations (Scopus)

Abstract

The assumption of positive time preference is seldom challenged in analyses of intertemporal choices, despite considerable evidence of zero and negative discount rates. In this study, the majority of respondents have positive discount rates, but a substantial number have negative or zero discount rates. Using probit regression, the perception of the severity of the health-state, gender, education and perception of the questions in terms of difficulty are shown to influence whether individuals have positive discount rates. Copyright (C) 2000 John Wiley & Sons, Ltd.

Original languageEnglish
Pages (from-to)171-175
Number of pages5
JournalHealth Economics
Volume9
Publication statusPublished - 2000

Keywords

  • negative time preference
  • zero time preference
  • MONEY
  • FUTURE

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