Time preferences in rural economies: A systematic global review

Abstract Time preferences shape decisions about resource use, investment and sustainability, yet evidence on how they are measured in rural field settings remains fragmented. This systematic literature review covers 67 studies eliciting time preferences among rural populations, focusing on farmers and fishers. We map the theoretical models used, compare elicitation methods and experimental designs, and synthesise reported patterns. The review documents substantial heterogeneity in how time preferences are conceptualised and measured, and highlights recurring methodological and reporting challenges that limit comparability across contexts. For more reliable, replicable and policy-relevant research, we propose a structured reporting guide.

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Publication Details

Journal
European Review of Agricultural Economics
Published
2026-01-06
DOI
https://doi.org/10.1093/erae/jbaf070
Primary Topic
Psychological and Temporal Perspectives Research
Type
article
Field-Weighted Citation Impact
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article

Time preferences in rural economies: A systematic global review

Daniel Hermann, Vanessa Berghoff
European Review of Agricultural Economics
Psychological and Temporal Perspectives Research
article

Time preferences in rural economies: A systematic global review

Daniel Hermann, Vanessa Berghoff
article en

Abstract

Abstract Time preferences shape decisions about resource use, investment and sustainability, yet evidence on how they are measured in rural field settings remains fragmented. This systematic literature review covers 67 studies eliciting time preferences among rural populations, focusing on farmers and fishers. We map the theoretical models used, compare elicitation methods and experimental designs, and synthesise reported patterns. The review documents substantial heterogeneity in how time preferences are conceptualised and measured, and highlights recurring methodological and reporting challenges that limit comparability across contexts. For more reliable, replicable and policy-relevant research, we propose a structured reporting guide.

European Review of Agricultural Economics
University of Bonn (DE)
Openalex Percentile: Top 82%
Psychological and Temporal Perspectives Research
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