Modernization and Time Preferences in Tanzania: Evidence from a Large-Scale Elicitation Exercise

D'Exelle, Ben, Van Campenhout, Bjorn and Lecoutere, Els (2012) Modernization and Time Preferences in Tanzania: Evidence from a Large-Scale Elicitation Exercise. Journal of Development Studies, 48 (4). pp. 564-580. ISSN 0022-0388

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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 ‘modernization’ between urban and rural areas, with modernization leading to increased impatience. This is corroborated by the observed positive correlation between impatience and education; the latter being an important vehicle of modernization to traditional societies in Tanzania.

Item Type: Article
Faculty \ School: Faculty of Social Sciences > School of International Development
Depositing User: Ben D'Exelle
Date Deposited: 14 Apr 2011 07:42
Last Modified: 06 May 2020 23:40
URI: https://ueaeprints.uea.ac.uk/id/eprint/29249
DOI: 10.1080/00220388.2011.604411

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