Abstrakt
The Roma minority is one of the most vulnerable social groups in Slovakia, they are affected by poverty and social exclusion. Most of the marginalized Roma face low education level, long-term unemployment and very low incomes (they are mostly dependent on the social benefits).
In this paper we focus on time preference rates of the marginalised poor Roma. The measurement of time discounting and present-biased preferences is based on standard methodology where the respondents are asked to choose between receiving smaller amounts earlier at the time of interviewing or larger amounts with three months delay.
The same choices are asked at a future time frame (smaller amounts in six months and larger amounts in nine months). In order to control for potential confounds due to lower credibility the front end delay" method is introduced.
According to the results there are almost 48 percent of people with time-inconsistent preferences (27 % have present-biased and 21 % future-biased preferences). Men and people with higher level of education are more likely to have consistent preferences than women and people with lower level of education.