The Effect of Education on Time Preferences

49 Pages Posted: 3 Apr 2011

See all articles by Francisco Pérez-Arce

Francisco Pérez-Arce

Center for Economic and Social Research (CESR)

Date Written: March 30, 2011

Abstract

The author examines whether education increases patience. Admission decisions in a public college in Mexico are determined through a lottery. He finds that applicants who were successful in the draw were more likely to study in the following years. He surveyed the applicants to this college almost two years after the admission decision was made and measured their time preferences with a series of hypothetical inter-temporal choice questions. He finds that individuals who were successful in the admission lottery were, on average, more patient. He argues that this evidence points towards a causal effect of education on time preferences.

Suggested Citation

Perez-Arce, Francisco, The Effect of Education on Time Preferences (March 30, 2011). RAND Working Paper Series WR- 844, Available at SSRN: https://ssrn.com/abstract=1799593 or http://dx.doi.org/10.2139/ssrn.1799593

Francisco Perez-Arce (Contact Author)

Center for Economic and Social Research (CESR) ( email )

635 Downey Way
Los Angeles, CA 90089-3332
United States

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