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Former Consultant (Former title)
Subjective Well-being, Risk Perceptions and Time Discounting: Evidence from a large-scale cash transfer programme
The risk and time preferences of individuals as well as their subjective expectations regarding the future are likely to play an important role in choice behaviour. A large-scale survey in Kenya shows that cash transfers alone do not appear to impact time discounting or risk aversion, but they do have an important impact on subjective well-being measures and on future perceptions of quality of life.