000			01484nab a2200253 c 4500
999			_c145711 _d145711
003			ES-MaIEF
005			20220323172857.0
007			ta
008			220323t2022 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100			_969691 _aKoster, Hans R.A.
245		0	_aHow do households value the future? _bevidence from property taxes _c by Hans R.A. Koster and Edward W. Pinchbeck
260			_c2022
500			_aResumen.
504			_aBibliografía.
520			_aDespite the near ubiquity of intertemporal choice, there is little consensus on the rate at which individuals trade present and future costs and benefits. We contribute to this debate by estimating discount rates from extensive data on housing transactions and spatiotemporal variation in property taxes in England. Our findings imply long-term average net of growth nominal discount rates that are between 3 and 4 percent. The close correspondence to prevailing market interest rates gives little reason to suggest that households misoptimize by materially undervaluing very long-term financial flows in this high-stakes context.
650		4	_948169 _aPROPIEDAD INMOBILIARIA
650		4	_aIMPUESTOS _947460
650		4	_948570 _aTIPOS DE GRAVAMEN
650		4	_aREINO UNIDO _948241
700	1		_969692 _aPinchbeck, Edward W.
773	0		_9166967 _oOP 2135/2022/1 _tAmerican Economic Journal : Economic Policy _w(IEF)134825 _x 1945-7731 _gv. 14, n. 1, February 2022, p. 207-239
942			_cART