Corpus ID: 59466824

Time Discounting , Savings Behavior and Wealth Inequality *

  title={Time Discounting , Savings Behavior and Wealth Inequality *},
  author={Thomas Epper and E. Fehr and Helga Fehr-Duda and C. Kreiner and D. Lassen and S{\o}ren Leth-Petersen and G. Rasmussen},
  • Thomas Epper, E. Fehr, +4 authors G. Rasmussen
  • Published 2018
  • The distribution of wealth in society is very unequal and has important economic and political consequences. According to standard life-cycle savings theory, differences in time discounting behavior across individuals can play an important role for their position in the wealth distribution. Empirical testing of this hypothesis has been difficult because of serious data limitations. We overcome these limitations by linking an experimental measure of time discounting for a large sample of middle… CONTINUE READING

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