NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Global Evidence on Economic Preferences

Armin Falk, Anke Becker, Thomas Dohmen, Benjamin Enke, David B. Huffman, Uwe Sunde

NBER Working Paper No. 23943
Issued in October 2017
NBER Program(s):Development Economics, Economic Fluctuations and Growth, Political Economy

This paper studies the global variation in economic preferences. For this purpose, we present the Global Preference Survey (GPS), an experimentally validated survey dataset of time preference, risk preference, positive and negative reciprocity, altruism, and trust from 80,000 individuals in 76 countries. The data reveal substantial heterogeneity in preferences across countries, but even larger within-country heterogeneity. Across individuals, preferences vary with age, gender, and cognitive ability, yet these relationships appear partly country specific. At the country level, the data reveal correlations between preferences and bio-geographic and cultural variables such as agricultural suitability, language structure, and religion. Variation in preferences is also correlated with economic outcomes and behaviors. Within countries and subnational regions, preferences are linked to individual savings decisions, labor market choices, and prosocial behaviors. Across countries, preferences vary with aggregate outcomes ranging from per capita income, to entrepreneurial activities, to the frequency of armed conflicts.

You may purchase this paper on-line in .pdf format from SSRN.com ($5) for electronic delivery.

Access to NBER Papers

You are eligible for a free download if you are a subscriber, a corporate associate of the NBER, a journalist, an employee of the U.S. federal government with a ".GOV" domain name, or a resident of nearly any developing country or transition economy.

If you usually get free papers at work/university but do not at home, you can either connect to your work VPN or proxy (if any) or elect to have a link to the paper emailed to your work email address below. The email address must be connected to a subscribing college, university, or other subscribing institution. Gmail and other free email addresses will not have access.

E-mail:

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w23943

Users who downloaded this paper also downloaded* these:
Chapman, Dean, Ortoleva, Snowberg, and Camerer w23954 Willingness to Pay and Willingness to Accept are Probably Less Correlated Than You Think
Treisman w23944 Democracy by mistake
Deaton and Cartwright w22595 Understanding and Misunderstanding Randomized Controlled Trials
Gneezy, Leonard, and List w13727 Gender Differences in Competition: Evidence from a Matrilineal and a Patriarchal Society
Romer and Romer w23931 Why Some Times Are Different: Macroeconomic Policy and the Aftermath of Financial Crises
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

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

Contact Us