Impatience Among Preschool Children and Their Mothers
University of Bonn
Centre for European Economic Research (ZEW); University of Mannheim - Department of Economics; Institute for the Study of Labor (IZA)
IZA Discussion Paper No. 6247
Using experimental data of children and their mothers, this paper explores the intergenerational relationship of impatience. The child's impatience stems from a delay of gratification experiment. Mother's impatience has been assessed by a choice task where the mothers faced trade-offs between a smaller-sooner and a larger-later monetary reward with a delay of six or twelve months. The findings demonstrate an intergenerational relationship in short-run decision making. Controlling for mother's and child's characteristics the child's impatience at preschool age is significantly correlated with the six month maternal reservation interest rate.
Number of Pages in PDF File: 8
Keywords: time preferences, impatience, intergenerational transmission, field experiments
JEL Classification: C93, D03, D90working papers series
Date posted: January 8, 2012
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