It's not just about the future: The present payoffs to behaviour vary in degree and kind between the rich and the poor

Behavioral and Brain Sciences 40 (2017)
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Abstract

Pepper & Nettle offer a nuanced and humane view on poverty that should be required reading for policy makers, particularly those interested in “behaviour change” policy. We suggest, however, that the emphasis on “future-discounting” in this paper downplays the importance of differences in the payoffs to behavioursin the presentand how these payoffs may be realised in different currencies.

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