Discussion Paper Series

How do monetary incentives affect the measurement of social preferences?

In this registered report, we investigate (i) whether incentives affect subjects’ willingness to pay to increase and to decrease the payoff of others, (ii) whether they affect the distribution of social preference types, and (iii) whether they affect the strength and the precision of individuals’ structur...

Discussion Paper Series

WORKING PAPER N° 2011 –

PATIENCE AND THE SOCIAL DISCOUNT RATE

Several governments set the social discount rate using a Ramsey Rule that treats pure time preference as a separate parameter. Standard arguments for declining discount rates rest on uncertainty about growth or preferences, or on aggregation across people who disagree about the rate. We add a different reason: pure t...

The Hidden Heterogeneity of Inflation and Interest Rate Expectations: The Role of Preferences ∗

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