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Modernization and time preferences in Tanzania: evidence from a large-scale elicitation exercise

(2012) JOURNAL OF DEVELOPMENT STUDIES. 48(4). p.564-580
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Abstract
Assumptions about individual time preferences are important for explanations of poverty and development. Data from a large-scale elicitation exercise in Tanzania show significantly higher levels of impatience in urban areas than in rural areas. This result remains robust to adding controls for socio-economic differences between rural and urban areas, which possibly correlate with time preferences. We attribute this to differences in 'modernisation' between urban and rural areas, with modernisation leading to increased impatience. This is corroborated by the observed positive correlation between impatience and education; the latter being an important vehicle of modernisation for traditional societies in Tanzania.
Keywords
PROPENSITY SCORE, INDIVIDUAL DISCOUNT RATES, RURAL INDIA, POVERTY, RISK

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Citation

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Chicago
D’Exelle, Ben, Bjorn Van Campenhout, and Els Lecoutere. 2012. “Modernization and Time Preferences in Tanzania: Evidence from a Large-scale Elicitation Exercise.” Journal of Development Studies 48 (4): 564–580.
APA
D’Exelle, B., Van Campenhout, B., & Lecoutere, E. (2012). Modernization and time preferences in Tanzania: evidence from a large-scale elicitation exercise. JOURNAL OF DEVELOPMENT STUDIES, 48(4), 564–580.
Vancouver
1.
D’Exelle B, Van Campenhout B, Lecoutere E. Modernization and time preferences in Tanzania: evidence from a large-scale elicitation exercise. JOURNAL OF DEVELOPMENT STUDIES. 2012;48(4):564–80.
MLA
D’Exelle, Ben, Bjorn Van Campenhout, and Els Lecoutere. “Modernization and Time Preferences in Tanzania: Evidence from a Large-scale Elicitation Exercise.” JOURNAL OF DEVELOPMENT STUDIES 48.4 (2012): 564–580. Print.
@article{1231868,
  abstract     = {Assumptions about individual time preferences are important for explanations of poverty and development. Data from a large-scale elicitation exercise in Tanzania show significantly higher levels of impatience in urban areas than in rural areas. This result remains robust to adding controls for socio-economic differences between rural and urban areas, which possibly correlate with time preferences. We attribute this to differences in 'modernisation' between urban and rural areas, with modernisation leading to increased impatience. This is corroborated by the observed positive correlation between impatience and education; the latter being an important vehicle of modernisation for traditional societies in Tanzania.},
  author       = {D'Exelle, Ben and Van Campenhout, Bjorn and Lecoutere, Els},
  issn         = {0022-0388},
  journal      = {JOURNAL OF DEVELOPMENT STUDIES},
  keyword      = {PROPENSITY SCORE,INDIVIDUAL DISCOUNT RATES,RURAL INDIA,POVERTY,RISK},
  language     = {eng},
  number       = {4},
  pages        = {564--580},
  title        = {Modernization and time preferences in Tanzania: evidence from a large-scale elicitation exercise},
  url          = {http://dx.doi.org/10.1080/00220388.2011.604411},
  volume       = {48},
  year         = {2012},
}

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