Time Discounting and Economic Decisionmaking Among the Elderly

Published: 2016
Project ID: UM16-14


The authors have designed and fielded an experimental module in the 2014 HRS, which seeks to measure time-discounting among the elderly. This research project will explore the extent of heterogeneity in time discounting among the elderly and its role in explaining differences in important decisions. Key outcome variables will include decisions about timing of retirement, investments in health, and purchases of insurance. The research will also compare the time discounting of the elderly to time discounting among younger populations.