@TechReport{iza:izadps:dp14091,
            	author={Belot, Michèle and Kircher, Philipp and Muller, Paul},
            	title={Eliciting Time Preferences When Income and Consumption Vary: Theory, Validation & Application to Job Search},
            	year={2021},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={14091},
            	url={https://www.iza.org/index.php/publications/dp14091},
	abstract={We propose a simple method for eliciting individual time preferences without estimating utility functions even in settings where background consumption changes over time. It relies on lottery tickets with high rewards. In a standard intertemporal choice model high rewards decouple lottery choices from variation in background consumption. We validate our elicitation method experimentally on two student samples: one asked in December when their current budget is reduced by extraordinary expenditures for Christmas gifts; the other asked in February when no such extra constraints exist. We illustrate an application of our method with unemployed job seekers which naturally have income/consumption variation.},
	keywords={job search;experimental elicitation;time preferences;hyperbolic discounting},
            }