Parenting Values Moderate the Intergenrational Transmission of Time Preferences

CEBI Working Paper No. 09/19

52 Pages Posted: 5 Dec 2019

See all articles by Anne Brenøe

Anne Brenøe

University of Copenhagen - Department of Economics

Thomas Epper

University of St. Gallen, School of Economics and Political Science

Date Written: October 18, 2019

Abstract

We study the intergenerational transmission of time preferences in a setting without reverse causality concerns. We find substantial transmission of patience from parents to children, which is insensitive to the inclusion of comprehensive sets of administratively reported controls and persists as children age. We further explore heterogeneity in the transmission with respect to two theoretically important but distinct dimensions of socialization through which parents can influence children’s traits: parenting values and parental involvement. Our results show that, in contrast to authoritative parents, authoritarian and permissive parents transmit patience to their offspring. Meanwhile, parental involvement is not an important moderator. These patterns replicate in an independent sample with richer measures of parental involvement.

Keywords: Intergenerational transmission, time preferences, patience, parenting style, parenting values, parental involvement

JEL Classification: D15, J12, J24, J62

Suggested Citation

Brenøe, Anne and Epper, Thomas, Parenting Values Moderate the Intergenrational Transmission of Time Preferences (October 18, 2019). CEBI Working Paper No. 09/19, Available at SSRN: https://ssrn.com/abstract=3490615 or http://dx.doi.org/10.2139/ssrn.3490615

Anne Brenøe (Contact Author)

University of Copenhagen - Department of Economics ( email )

Øster Farimagsgade 5
Bygning 26
1353 Copenhagen K.
Denmark

Thomas Epper

University of St. Gallen, School of Economics and Political Science ( email )

Varnbüelstrasse 19
St. Gallen, SG 9000
Switzerland

HOME PAGE: http://www.thomasepper.com

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