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In this model, the elasticity of marginal utility\r simultaneously reflects preferences for intertemporal substitution, aversion to risk, and\r aversion to (spatial) inequality. While these three concepts are necessarily identical in\r the standard model, this need not be so: well-known model\ns already enable risk to be\r separated from intertemporal substitution. Separating the three concepts might have\r important implications for the appropriate discount rate, and hence also for long-term\r policy. This paper investigates these issues in the context of climate-change\r economics, by surveying the attitudes of over 3000 people to risk, income inequality\r over space and income inequality over time. The results suggest that individuals do not\r see the three concepts as identical, and ind\need that preferences over risk, inequality and\r time are only weakly correlated. As such, relying on empirical evidence of risk or\r inequality preferences may not necessarily be an appropriate guide to specifying the\r elasticity of intertemporal substitution."},"dsDescriptionDate":{"typeName":"dsDescriptionDate","multiple":false,"typeClass":"primitive","value":"2009"}}]},{"typeName":"keyword","multiple":true,"typeClass":"compound","value":[{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Climate change"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Discounting"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Risk aversion"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Intertemporal substitution"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Inequality aversion"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Iintergenerational equity"}}]},{"typeName":"topicClassification","multiple":true,"typeClass":"compound","value":[{"topicClassValue":{"typeName":"topicClassValue","multiple":false,"typeClass":"primitive","value":"D01"},"topicClassVocab":{"typeName":"topicClassVocab","multiple":false,"typeClass":"primitive","value":"JEL"}},{"topicClassValue":{"typeName":"topicClassValue","multiple":false,"typeClass":"primitive","value":"D63"},"topicClassVocab":{"typeName":"topicClassVocab","multiple":false,"typeClass":"primitive","value":"JEL"}},{"topicClassValue":{"typeName":"topicClassValue","multiple":false,"typeClass":"primitive","value":"C90"},"topicClassVocab":{"typeName":"topicClassVocab","multiple":false,"typeClass":"primitive","value":"JEL"}},{"topicClassValue":{"typeName":"topicClassValue","multiple":false,"typeClass":"primitive","value":"Q51"},"topicClassVocab":{"typeName":"topicClassVocab","multiple":false,"typeClass":"primitive","value":"JEL"}}]},{"typeName":"publication","multiple":true,"typeClass":"compound","value":[{"publicationCitation":{"typeName":"publicationCitation","multiple":false,"typeClass":"primitive","value":"Giles Atkinson, Simon Dietz, Jennifer Helgeson, Cameron Hepburn, and Håkon Sælen (2009). Siblings, Not Triplets: Social Preferences for Risk, Inequality and Time in Discounting Climate Change. Economics Discussion Papers, No 2009-14.   <a href=\"http://www.economics-ejournal.org/economics/discussionpapers/2009-14\">  http://www.economics-ejournal.org/economics/discussionpapers/2009-14</a>"}},{"publicationCitation":{"typeName":"publicationCitation","multiple":false,"typeClass":"primitive","value":"Giles Atkinson, Simon Dietz, Jennifer Helgeson, Cameron Hepburn, and Håkon Sælen (2009). Siblings, Not Triplets: Social Preferences for Risk, Inequality and Time in Discounting Climate Change. Economics Discussion Papers, No 2009-14.   <a href=\"http://www.economics-ejournal.org/economics/discussionpapers/2009-14\">  http://www.economics-ejournal.org/economics/discussionpapers/2009-14</a>"}},{"publicationCitation":{"typeName":"publicationCitation","multiple":false,"typeClass":"primitive","value":"Giles Atkinson, Simon Dietz, Jennifer Helgeson, Cameron Hepburn, and Håkon Sælen (2009). Siblings, Not Triplets: Social Preferences for Risk, Inequality and Time in Discounting Climate Change. Economics: The Open-Access, Open-Assessment E-Journal, Vol. 3, 2009-26. <a href=\"http://www.economics-ejournal.org/economics/journalarticles/2009-26\"> http://www.economics-ejournal.org/economics/journalarticles/2009-26</a>"}}]},{"typeName":"productionDate","multiple":false,"typeClass":"primitive","value":"2009"},{"typeName":"distributor","multiple":true,"typeClass":"compound","value":[{"distributorName":{"typeName":"distributorName","multiple":false,"typeClass":"primitive","value":"Economics: The Open-Access, Open-Assessment E-Journal"},"distributorURL":{"typeName":"distributorURL","multiple":false,"typeClass":"primitive","value":"http://www.economics-ejournal.org"},"distributorLogoURL":{"typeName":"distributorLogoURL","multiple":false,"typeClass":"primitive","value":"http://www.economics-ejournal.org/logo.png"}}]},{"typeName":"distributionDate","multiple":false,"typeClass":"primitive","value":"2009"},{"typeName":"dateOfDeposit","multiple":false,"typeClass":"primitive","value":"2009-10-19"}]},"socialscience":{"displayName":"Social Science and Humanities Metadata","name":"socialscience","fields":[{"typeName":"timeMethod","multiple":false,"typeClass":"primitive","value":"time series"}]}},"files":[{"description":"questionnaire udes for the survey in pdf ","label":"Questionnaire.pdf","restricted":false,"version":1,"datasetVersionId":51720,"categories":["1. 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