A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Time preferences and political regimes: evidence from reunified Germany
Abstract We use the separation and later reunification of Germany after World War II to show that a political regime shapes time preferences of its residents. Using two identification strategies, we find that former residents of the German Democratic Republic exhibit a significantly less pronounced present bias when compared with former residents of the Federal Republic of Germany, whereas measures of patience are statistically indistinguishable. Interpreting the years spent under the regime as a proxy for treatment intensity yields consistent results. Moreover, we present evidence showing that present bias predicts choices in the domains of health, finance, and education, thereby illustrating lasting repercussions of a regime’s influence on time preferences.
Time preferences and political regimes: evidence from reunified Germany
Abstract We use the separation and later reunification of Germany after World War II to show that a political regime shapes time preferences of its residents. Using two identification strategies, we find that former residents of the German Democratic Republic exhibit a significantly less pronounced present bias when compared with former residents of the Federal Republic of Germany, whereas measures of patience are statistically indistinguishable. Interpreting the years spent under the regime as a proxy for treatment intensity yields consistent results. Moreover, we present evidence showing that present bias predicts choices in the domains of health, finance, and education, thereby illustrating lasting repercussions of a regime’s influence on time preferences.
Time preferences and political regimes: evidence from reunified Germany
Friehe, Tim (author) / Pannenberg, Markus (author)
2019
Article (Journal)
Electronic Resource
English
RVK:
ELIB39
/
ELIB45
Local classification FBW:
oek 2608
BKL:
74.80
Demographie
/
83.31$jWirtschaftswachstum
/
74.80$jDemographie$XGeographie
/
83.31
Wirtschaftswachstum
Political regimes and the family: how sex-role attitudes continue to differ in reunified Germany
| Online Contents | 2011
Political regimes and the family: how sex-role attitudes continue to differ in reunified Germany
| Online Contents | 2011
Transport Policy in a Reunified Germany
| British Library Conference Proceedings | 1996
Problems of reunified Jerusalem
| Elsevier | 1988
Place des Fetes: reunified spaces
| British Library Online Contents | 1997