The Agricultural Origins of Time Preference

Oded Galor · Ömer Özak

48 citations0/0 files storedNational Bureau of Economic Research

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Culture, Economy, and Development Studies Historical Economic and Social Studies Cultural Differences and Values

Abstract

This research explores the origins of the distribution of time preference across regions.It advances the hypothesis, and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on the distribution of long-term orientation across societies.In particular, exploiting a natural experiment associated with the expansion of suitable crops for cultivation in the course of the Columbian Exchange, the research establishes that agro-climatic characteristics in the pre-industrial era that were conducive to higher return to agricultural investment, triggered selection and learning processes that had a persistent positive effect on the prevalence of long-term orientation in the contemporary era.

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References

1988The nature of adolescent competencies predicted by preschool delay of gratification.1990Predicting adolescent cognitive and self-regulatory competencies from preschool delay of gratification: Identifying diagnostic conditions.1970Attention in delay of gratification.2000Regulating the interpersonal self: Strategic self-regulation for coping with rejection sensitivity.1965Modifications of self-imposed delay of reward through exposure to live and symbolic models.

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