Time and Risk Preference in Japan
Applying the data from the panel survey of the Preference Parameters Study of Osaka University not only allows us to extend the understanding of the relationship between time preference, happiness and consumption behavior in a longitudinal data analysis in different countries (China, Japan and the US), but also provides a cross-country comparison among these three large economies. Detailed psychological questions and demographic information also offer extensive controls for addressing potential regression analysis bias. This study will add empirical evidence to behavioral economics, which is typically lacking in longitudinal surveys and cross-country comparisons.
This study is part of our research on "Employee Wellbeing in China and Japan" of the "Protecting the Weak" project of Goethe University Frankfurt. The project is funded by the Volkswagen Foundation.
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