The impact of education on subjective discount rate in Ugandan villages

Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to decrease wi...

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Veröffentlicht in:	Economic development and cultural change 2010-07, Vol.58 (4), p.643-669
Hauptverfasser:	Bauer, Michal, Chytilová, Julie
Format:	Artikel
Sprache:	eng
Schlagworte:	Bildungsniveau Clans Credit market Developing countries Discount interest rates Discount rates Discounting Discounts Economic development Education Elementary schools Entwicklung Impact analysis Instrumental variables Instrumental variables estimation Investition Landbevölkerung LDCs Level of education Ländlicher Raum Market structure Preferences Primary education Rural communities Rural economics Secondary schools Sparen Studies Time Towns Two way Uganda Undergraduate students Variance Villages Womens education Zeitpräferenz
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