Time Discounting and Wealth Inequality

@article{Epper2020TimeDA,
  title={Time Discounting and Wealth Inequality},
  author={Thomas Epper and Ernst Fehr and Helga Fehr-Duda and Claus Thustrup Kreiner and David Dreyer Lassen and S{\o}ren Leth-Petersen and Gregers Nytoft Rasmussen},
  journal={ERN: Experimental Economics (Topic)},
  year={2020}
}
This paper documents a large association between individuals’ time discounting in incentivized experiments and their positions in the real-life wealth distribution derived from Danish high-quality administrative data for a large sample of middle-aged individuals. The association is stable over time, exists through the wealth distribution and remains large after controlling for education, income profile, school grades, initial wealth, parental wealth, credit constraints, demographics, risk… 
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26 Citations

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