NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Time Preference and Health: An Exploratory Study

Victor R. Fuchs

NBER Working Paper No. 539 (Also Reprint No. r0279)
Issued in August 1980
NBER Program(s):   HE

This paper reports the results of an exploratory survey designed to measure differences in time preference across individuals and to test for relationships between time preference and schooling, health behaviors, and health status. Approximately 500 adults age 25-64 were surveyed by telephone. Time preference was measured by a series of six questions asking the respondent to choose between a sum of money now and a larger sum at a specific point in the future. Approximately two-thirds gave consistent replies to the six questions. The implicit interest rate revealed in their replies is weakly correlated with years of schooling (negative), cigarette smoking (positive), and health status(negative). Family background, especially religion, appears to be an important determinant of time preference.

download in pdf format
   (274 K)

email paper

The NBER Bulletin on Aging and Health provides summaries of publications like this.  You can sign up to receive the NBER Bulletin on Aging and Health by email.

This paper is available as PDF (274 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w0539

Published:

Users who downloaded this paper also downloaded these:
Grossman w7078 The Human Capital Model of the Demand for Health
Farrell and Fuchs w0768 Schooling and Health: The Cigarette Connection
Fuchs Time Preference and Health: An Exploratory Study
Cutler and Lleras-Muney w12352 Education and Health: Evaluating Theories and Evidence
Grossman The Correlation between Health and Schooling
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us