Age Effects on Preference Parameters: An Empirical Study with Japanese Panel Study of Preference Parameters

Research Project

Project/Area Number	26590030
Research Category	Grant-in-Aid for Challenging Exploratory Research
Allocation Type	Multi-year Fund
Research Field	Economic theory
Research Institution	Kobe International University
Principal Investigator	HIRATA Kenjiro 神戸国際大学, 経済学部, 講師 (70423209)
Project Period (FY)	2014-04-01 – 2016-03-31
Project Status	Completed (Fiscal Year 2015)
Budget Amount *help	¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000) Fiscal Year 2015: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000) Fiscal Year 2014: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Keywords	マクロ経済学 / 行動経済学 / 時間割引率
Outline of Final Research Achievements	We explore to what extent preference parameters vary with age and investigate what educational characteristics during adolescence are associated with age differences in preference parameters. Using the Japanese panel study of preference parameters, we find a U-shaped relationship between age and time discounting. We also show that educational achievement at 15 years old is associated with age differences in time discounting.

Report

(3 results)