Do Individuals with Children Value the Future More?

35 Pages Posted: 11 Mar 2020

See all articles by Daniel Horn

Daniel Horn

Hungarian Academy of Sciences (HAS) - Institute of Economics CERS-HAS (IEHAS)

Hubert Janos Kiss

Hungarian Academy of Sciences (HAS) - Institute of Economics CERS-HAS (IEHAS); Corvinus University of Budapest

Date Written: February 18, 2020

Abstract

In recent years public and political debate suggested that individuals with children value the future more. We attempt to substantiate the debate and using a representative survey we investigate if the number of children (or simply having children) indeed is associated with a higher valuation of the future that we proxy with an aspect of time preferences, patience. We find that in general there is no correlation between having children and patience, though for young women with below-median income we find some weak evidence in line with the conjecture. We also show some evidence that for this subpopulation it is not having children that matters, but marital status. More precisely, young single women are less patient than other young non-single women.

Keywords: Children, Patience, Time preferences

JEL Classification: D91, J13

Suggested Citation

Horn, Daniel and Kiss, Hubert Janos, Do Individuals with Children Value the Future More? (February 18, 2020). Available at SSRN: https://ssrn.com/abstract=3540540 or http://dx.doi.org/10.2139/ssrn.3540540

Daniel Horn

Hungarian Academy of Sciences (HAS) - Institute of Economics CERS-HAS (IEHAS) ( email )

Budaorsi ut 45
Budapest, 1112
Hungary

Hubert Janos Kiss (Contact Author)

Hungarian Academy of Sciences (HAS) - Institute of Economics CERS-HAS (IEHAS) ( email )

Budaorsi ut 45
Budapest, 1112
Hungary

Corvinus University of Budapest

Hungary

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
5
Abstract Views
168
PlumX Metrics