Did households' time preference change due to the Great Recession?

被引：2
作者：
Hong, Eunice O. [1 ]
Hanna, Sherman D. [2 ]
机构：
[1] Sung Shin Womens Univ, Dept Living Culture & Consumer Sci, Coll Human Ecol, Seoul, South Korea
[2] Ohio State Univ, Dept Human Sci, Coll Educ & Human Ecol, Columbus, OH 43210 USA
来源：
APPLIED ECONOMICS LETTERS | 2016年 / 23卷 / 15期
关键词：
Planning horizon; time preference; Great Recession; Survey of Consumer Finances; D14; D91;
D O I：
10.1080/13504851.2015.1133887
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Household time preference for US households, as measured by the planning horizon, was fairly stable for many years, but sharply changed with the onset of the Great Recession. Based on an analysis of a combination of the 1992-2013 Survey of Consumer Finances (SCF) datasets, time preference increased in 2010 and remained high in 2013, indicating households were less patient after the onset of the recession. This pattern held up even after controlling for household characteristics.
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页码：1047 / 1050
页数：4
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