TY  - RPRT
        AU  - Bartos, Vojtech
AU  - Bauer, Michal
AU  - Chytilová, Julie
AU  - Levely, Ian
        TI  - Psychological Effects of Poverty on Time Preferences
        PY  - 2021/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 14607
        UR  - https://www.iza.org/index.php/publications/dp14607
        AB  - We test whether an environment of poverty affects time preferences through purely psychological channels. We measured discount rates among farmers in Uganda who made decisions about when to enjoy entertainment instead of working. To circumvent the role of economic constraints, we experimentally induced thoughts about poverty-related problems, using priming techniques. We find that thinking about poverty increases the preference to consume entertainment early and to delay work. Using monitoring tools similar to eye tracking, a novel feature for this subject pool, we show that this effect is unlikely to be driven by less careful decision-making processes.
        KW  - self-control
KW  - time preferences
KW  - scarcity
KW  - poverty
KW  - inattention
        ER  -