Edited by Richard J. Cebula, Joshua Hall, Franklin G. Mixon Jr and James E. Payne
Chapter 10: The impact of property confiscation experiences on individual patience in transition economies: an exploratory study
AbstractUsing data from a UCLA survey of adults living in transition economies in Eastern Europe that was carried out in 1993, we explore the potential impact of property destruction, confiscation, and collectivization experiences on the inter-generational transmission of patience across the populations of transition economies in Eastern Europe. To do so, we make use of an index of impatience constructed from each individual’s decision to purchase expensive consumer (luxury) items. We find some evidence that offspring from families suffering property losses are more impatient than others. Second, given that the results differ across countries, a single explanation such as the intergenerational transmission of impatience is insufficient.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.