Aging and Economic Preferences: Cumulative meta-analyses of age differences in risk, time, social, and effort preferences.
Alexandra BagaïniYunrui LiuArzie BajramiGayoung SonLoreen TisdallRui MataPublished in: The journals of gerontology. Series B, Psychological sciences and social sciences (2023)
Overall, our results contrast with theories of aging that propose general age effects for risk, and effort preferences, yet provide some but tenuous support for those suggesting age-related changes in time and social preferences. We discuss implications for theory development as well as future empirical work on economic preferences.