Comment: Requires mathematics.
TO READ FURTHER:
The title of the paper by Gary S. Becker and Casey B. Mulligan is "On the
Endogenous Determination of Time Preference." Translated this means how economic
variables affect, or since economics is prescriptive - ought to affect, the
value that people place on the future. This paper is available from:
National Opinion Research Center
1155 E. 60th Street
Chicago, Illinois 60637
Discussion Paper 94-2
tel: (312) 753-7500