The Agricultural Origins of Time Preference.
Abstrak
This research explores the origins of observed differences in time preference across countries and regions. Exploiting a natural experiment associated with the expansion of suitable crops for cultivation in the course of the Columbian Exchange, the research establishes that pre-industrial agro-climatic characteristics that were conducive to higher return to agricultural investment, triggered selection, adaptation and learning processes that generated a persistent positive effect on the prevalence of long-term orientation in the contemporary era. Furthermore, the research establishes that these agro-climatic characteristics have had a culturally embodied impact on economic behavior such as technological adoption, education, saving, and smoking.
Penulis (2)
Oded Galor
Ömer Özak
Akses Cepat
- Tahun Terbit
- 2016
- Bahasa
- en
- Total Sitasi
- 563×
- Sumber Database
- Semantic Scholar
- DOI
- 10.1257/aer.20150020
- Akses
- Open Access ✓