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

2015 Fiscal Year Final Research Report

• 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
• Keywords: マクロ経済学 / 行動経済学

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.

Free Research Field

社会科学