Valuing future benefits
通过随机选取苏格兰格兰扁地区选民进行跨期选择实验，计算了私人金融、社会非货币和社会金融三种时间偏好率，并分析了它们之间以及年龄、健康等个体特征对隐含贴现率的影响。
This paper reports the results of a study of time preference amongst the general public in the Grampian region of Scotland. The subjects, who were selected randomly from the electoral roll, were offered a series of intertemporal choices. Their responses were used to calculate private financial time preference rates, social non-monetary time preference rates and social financial time preference rates. The paper investigates the relationship between these three measures of time preference in both the short and the long run. It also explores the effects of individual characteristics, including age, and health, on the implicit discount rates.