Conditional political budget cycles: The role of time preference

2021 ◽  
Author(s):  
Andreas P. Kyriacou ◽  
Tomohito Okabe ◽  
Oriol Roca‐Sagalés
Keyword(s):  
Time Preference ◽  
Political Budget Cycles ◽  
Budget Cycles

scholarly journals Happiness and Time Preference: The Effect of Positive Affect in a Random-Assignment Experiment

2011 ◽  
Vol 101 (7) ◽  
pp. 3109-3129 ◽  
Author(s):  
John Ifcher ◽  
Homa Zarghamee
Keyword(s):  
Decision Making ◽  
Positive Affect ◽  
Time Preference ◽  
Random Assignment ◽  
Economic Decision ◽  
Economic Decision Making ◽  
Future Utility ◽  
Neutral Affect

We conduct a random-assignment experiment to investigate whether positive affect impacts time preference, where time preference denotes a preference for present over future utility. Our result indicates that, compared to neutral affect, mild positive affect significantly reduces time preference over money. This result is robust to various specification checks, and alternative interpretations of the result are considered. Our result has implications for the effect of happiness on time preference and the role of emotions in economic decision making, in general. Finally, we reconfirm the ubiquity of time preference and start to explore its determinants. (DJEL D12, D83, I31)

Indirect political budget cycles: Evidence from Chilean municipalities

2018 ◽  
Vol 133 ◽  
pp. 1-14 ◽  
Author(s):  
Alejandro Corvalan ◽  
Paulo Cox ◽  
Rodrigo Osorio
Keyword(s):  
Political Budget Cycles ◽  
Budget Cycles
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