variables: 98772

This table contains all the variables of all the datasets we have at Our World In Data. Note that this includes only the information about the variables like name and default display settings, not the data itself.

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id name unit description createdAt updatedAt code coverage timespan datasetId sourceId shortUnit display columnOrder originalMetadata grapherConfigAdmin shortName catalogPath dimensions schemaVersion processingLevel processingLog titlePublic titleVariant attributionShort attribution descriptionShort descriptionFromProducer descriptionKey descriptionProcessing licenses license grapherConfigETL type sort dataChecksum metadataChecksum
98772 Patience (time preference) (Falk et al. (2018) GPS)   The measure of patience (time preference) is a combination of two survey measures, one quantitative item and one qualitative item. The quantitative survey poses 5 interdependent binary choices between immediate and delayed financial rewards - the "staircase" (or "unfolding brackets") procedure. In each of the 5 questions, participants had to decide whether to receive a payment today or a larger payment in 12 months. The immediate payment x remained the same in all four subsequent questions, but the delayed payment y was increased or decreasing depending on the participant's previous choices. In the international survey, monetary amounts x and y were expressed in the local currency, scaled relative to the median household income in the given country. The qualitative patience measure is collected using the individuals' self-assessment regarding their willingness to wait on an 11 point Likert scale, asking: "How willing are you to give up something that is beneficial for you today in order to benefit more from that in the future?" Higher values indicate the country average for patience is above the world average. The quantitative item has a weight of 71% in the patience (time preference) measure. For more information, see Table I in Falk et al. (2018). 2018-11-06 20:25:24 2023-06-15 05:05:42       3094 16229   
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