What is the frame of reference /β underlying units for the percentages you are referring to? It makes a big difference if they are monetary vs. utility, USD vs. EUR, real vs. nominal, etc. When you look at the real life data historically and implied for the future, it is clear that time preference (i.e. real risk-free returns) is pretty neutral, i.e. sometimes you end up with less in real terms and sometimes you end up with more.
What is the frame of reference /β underlying units for the percentages you are referring to? It makes a big difference if they are monetary vs. utility, USD vs. EUR, real vs. nominal, etc. When you look at the real life data historically and implied for the future, it is clear that time preference (i.e. real risk-free returns) is pretty neutral, i.e. sometimes you end up with less in real terms and sometimes you end up with more.