PhD Economics, EHESS - Paris School of Economics, 2006 Master in Economics, EHESS - Paris School of Economics, 2002
École Normale Supérieure (Paris), 1999-2004
Antoine is currently director of the Institut des Politiques Publiques (IPP) in Paris, jointly developed by the Paris School of Economics and CREST. Following the model of the IFS, the IPP aims to promote quantitative analysis and evaluation of public policy in France using cutting edge research methods in economics.
Discount rate heterogeneity among older households: a puzzle?
| Journal Articles
We put forward a method for estimating discount rates using wealth and income data. We build consumption from these data using the budget constraint. Consumption transitions yield discount rates by household groups. Applying this technique to a sample of older households, we find a similar distribution to those previously estimated using field data, though with a much lower mean than those found using experiments. Surprisingly, among this older population, patience is negatively correlated with education and numeracy. This goes against the positive correlation found for younger populations in experiments and some field studies. We discuss potential explanations for this result.