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

Ben D'Exelle, Bjorn Van Campenhout and Els Lecoutere UGent (2012) JOURNAL OF DEVELOPMENT STUDIES. 48(4). p.564-580
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.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
PROPENSITY SCORE, INDIVIDUAL DISCOUNT RATES, RURAL INDIA, POVERTY, RISK
journal title
JOURNAL OF DEVELOPMENT STUDIES
J. Dev. Stud.
volume
48
issue
4
pages
564 - 580
Web of Science type
Article
Web of Science id
000303214700007
JCR category
ECONOMICS
JCR impact factor
0.872 (2012)
JCR rank
149/332 (2012)
JCR quartile
2 (2012)
ISSN
0022-0388
DOI
10.1080/00220388.2011.604411
language
English
UGent publication?
yes
classification
A1
copyright statement
I have transferred the copyright for this publication to the publisher
id
1231868
handle
http://hdl.handle.net/1854/LU-1231868
date created
2011-05-24 09:54:32
date last changed
2015-06-17 09:35:26
@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},
}

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.