Title
Modernisation and time preferences in Tanzania : evidence from a large-scale elicitation exercise Modernisation and time preferences in Tanzania : evidence from a large-scale elicitation exercise
Author
Faculty/Department
Institute of Development Policy and Management
Publication type
article
Publication
London ,
Subject
Sociology
Economics
Law
Source (journal)
The journal of development studies. - London, 1964, currens
Volume/pages
48(2012) :4 , p. 564-580
ISSN
0022-0388
1743-9140
ISI
000303214700007
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
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.
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