Impatience Among Preschool Children and Their Mothers

11 Pages Posted: 2 Feb 2012

See all articles by Fabian Kosse

Fabian Kosse

Ludwig Maximilian University of Munich (LMU)

Friedhelm Pfeiffer

Centre for European Economic Research (ZEW); University of Mannheim - Department of Economics; IZA Institute of Labor Economics

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Date Written: December 20, 2011

Abstract

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.

Keywords: Time preferences, impatience, intergenerational transmission, field experiments

JEL Classification: C93, D03, D90

Suggested Citation

Kosse, Fabian and Pfeiffer, Friedhelm, Impatience Among Preschool Children and Their Mothers (December 20, 2011). ZEW - Centre for European Economic Research Discussion Paper No. 12-001, Available at SSRN: https://ssrn.com/abstract=1997136 or http://dx.doi.org/10.2139/ssrn.1997136

Fabian Kosse

Ludwig Maximilian University of Munich (LMU) ( email )

Geschwister-Scholl-Platz 1
Munich, DE Bavaria 80539
Germany

Friedhelm Pfeiffer (Contact Author)

Centre for European Economic Research (ZEW) ( email )

D-68161 Mannheim
Germany
++49 (0)621/1235-150 (Phone)
++49 (0)621/1235-225 (Fax)

University of Mannheim - Department of Economics

D-68131 Mannheim
Germany

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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