Validating an Ultra-Short Survey Measure of Patience

11 Pages Posted: 27 Oct 2012

See all articles by Thomas Vischer

Thomas Vischer

Technische Universität München (TUM)

Thomas J. Dohmen

Institute for the Study of Labor (IZA); Maastricht University - Business Investment Research Center (BIRC)

Armin Falk

briq - Institute on Behavior & Inequality

David Huffman

IZA Institute of Labor Economics; Swarthmore College

Jürgen Schupp

German Institute for Economic Research (DIW Berlin); Institute for Sociology, Freie Universität; The Institute for the Study of Labor (IZA)

Uwe Sunde

Ludwig Maximilian University of Munich (LMU)

Gert G. Wagner

German Institute for Economic Research (DIW Berlin); Berlin University of Technology; German Socio-Economic Panel Study (SOEP)

Date Written: October 1, 2012

Abstract

This study presents results of the validation of an ultra-short survey measure of patience included in the German Socio-Economic Panel (SOEP). Survey responses predict intertemporal choice behavior in incentive-compatible decisions in a representative sample of the German adult population.

Keywords: Time Preferences, Discounting, Validation of Survey Measures

JEL Classification: D01, D03, D91, C91

Suggested Citation

Vischer, Thomas and Dohmen, Thomas and Falk, Armin and Huffman, David and Schupp, Juergen and Sunde, Uwe and Wagner, Gert G., Validating an Ultra-Short Survey Measure of Patience (October 1, 2012). SOEPpaper No. 499. Available at SSRN: https://ssrn.com/abstract=2166797 or http://dx.doi.org/10.2139/ssrn.2166797

Thomas Vischer (Contact Author)

Technische Universität München (TUM) ( email )

Arcisstrasse 21
Munich, DE 80333
Germany

Thomas Dohmen

Institute for the Study of Labor (IZA) ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Maastricht University - Business Investment Research Center (BIRC) ( email )

P.O. Box 616
Maastricht, 6200 MD
Netherlands
+31-43-388 3832 (Phone)
+31-43-388 4856 (Fax)

Armin Falk

briq - Institute on Behavior & Inequality

Schaumburg-Lippe-Straße 5-9
Bonn, 53113
Germany

HOME PAGE: http://www.briq-institute.org/

David Huffman

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Swarthmore College

500 College Ave
Swarthmore, PA 19081
United States

Juergen Schupp

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstraße 58
Berlin, D-10117
Germany
+49 30 8 978 9238 (Phone)
+49 30 8 978 9109 (Fax)

HOME PAGE: http://www.diw.de/deutsch/das_institut/mitarbeiter/innen/26652.html?uid=jschupp

Institute for Sociology, Freie Universität ( email )

Garystr. 55
I
Berlin, D-14195
Germany

HOME PAGE: http://www.polsoz.fu-berlin.de/soziologie/mitarbeiter/b_hochschullehrer/schupp.html

The Institute for the Study of Labor (IZA) ( email )

P.O. Box 7240
Bonn, D-53072
Germany

HOME PAGE: http://www.iza.org/index_html?lang=de&mainframe=http%3A//www.iza.org/de/webcontent/personnel/fellows

Uwe Sunde

Ludwig Maximilian University of Munich (LMU) ( email )

Geschwister-Scholl-Platz 1
Munich, DE Bavaria 80539
Germany

Gert G. Wagner

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstraße 58
Berlin, 10117
Germany
+49 30 8 978 9290 (Phone)
+49 30 8 978 9200 (Fax)

HOME PAGE: http://www.diw.de/programme/jsp/MA.jsp?language=en&uid=gwagner

Berlin University of Technology ( email )

Straße des 17
Berlin, 10623
Germany
+30 8 978 9283 (Phone)

German Socio-Economic Panel Study (SOEP) ( email )

DIW Berlin
10108 Berlin, Berlin
Germany
+49 30 8978 9290 (Phone)
+49 30 8978 9109 (Fax)

HOME PAGE: http://www.diw/en/soep

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
69
Abstract Views
765
rank
348,505
PlumX Metrics