Impatience And Academic Performance. Less Effort And Less Ambitious Goals
AbstractIn a simple theoretical model we show that impatience affects academic performance through two different channels: impatient students spend less effort in studying activities and set less ambitious objectives in terms of grades at exams. As a consequence, the relationship between impatience and academic success may vary according to how performance is measured. Using data from a sample of Italian undergraduate students, we find a strong negative relationship between impatience and both the average grade at exams and the probability of graduating with honours. Conversely, a negative but not statistically significant correlation emerges between time preferences and both the number of credits earned in the three years following enrolment and the probability of timely graduation. Our findings are robust to alternative measures of impatience and controlling for family background characteristics, for cognitive abilities and for risk preferences.
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Bibliographic InfoPaper provided by Università della Calabria, Dipartimento di Economia, Statistica e Finanza (Ex Dipartimento di Economia e Statistica) in its series Working Papers with number 201302.
Length: 20 pages
Date of creation: Feb 2013
Date of revision:
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Postal: Università della Calabria, Dipartimento di Economia, Statistica e Finanza, Ponte Pietro Bucci, Cubo 0/C, I-87036 Arcavacata di Rende, CS, Italy
Phone: +39 0984 492413
Fax: +39 0984 492421
Web page: http://www.unical.it/portale/strutture/dipartimenti_240/disesf/
More information through EDIRC
Time preferences; impatience; human capital; academic success;
Find related papers by JEL classification:
- I20 - Health, Education, and Welfare - - Education - - - General
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-09 (All new papers)
- NEP-CBE-2013-03-09 (Cognitive & Behavioural Economics)
- NEP-EDU-2013-03-09 (Education)
- NEP-EVO-2013-03-09 (Evolutionary Economics)
- NEP-HRM-2013-03-09 (Human Capital & Human Resource Management)
- NEP-NEU-2013-03-09 (Neuroeconomics)
- NEP-SOG-2013-03-09 (Sociology of Economics)
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