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Global Evidence on Economic Preferences
Global Evidence on Economic Preferences
- Source :
- Quarterly Journal of Economics, 133(4), 1645-1692. Oxford University Press
- Publication Year :
- 2018
-
Abstract
- This article studies the global variation in economic preferences. For this purpose, we present the Global Preference Survey (GPS), an experimentally validated survey data set of time preference, risk preference, positive and negative reciprocity, altruism, and trust from 80,000 people in 76 countries. The data reveal substantial heterogeneity in preferences across countries, but even larger within-country heterogeneity. Across individuals, preferences vary with age, gender, and cognitive ability, yet these relationships appear partly country specific. At the country level, the data reveal correlations between preferences and biogeo-graphic and cultural variables, such as agricultural suitability, language structure, and religion. Variation in preferences is also correlated with economic outcomes and behaviors. Within countries and subnational regions, preferences are linked to individual savings decisions, labormarket choices, and prosocial behaviors. Across countries, preferences vary with aggregate outcomes ranging from per capita income, to entrepreneurial activities, to the frequency of armed conflicts.
- Subjects :
- Economics and Econometrics
media_common.quotation_subject
ACADEMIC SELF-CONCEPT
RISK ATTITUDES
DETERMINANTS
Altruism
CULTURE
ACHIEVEMENT
0502 economics and business
Economics
050207 economics
PUNISHMENT
Preference (economics)
media_common
COOPERATION
GENDER-DIFFERENCES
050208 finance
business.industry
05 social sciences
Cognition
Per capita income
COGNITIVE-ABILITY
Variation (linguistics)
Prosocial behavior
Agriculture
Demographic economics
Time preference
TRUST
business
Subjects
Details
- Language :
- English
- ISSN :
- 00335533
- Database :
- OpenAIRE
- Journal :
- Quarterly Journal of Economics, 133(4), 1645-1692. Oxford University Press
- Accession number :
- edsair.doi.dedup.....1e6a805deb9f58fcfa1a694d398ed07a