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Impatience among Preschool Children and Their Mothers

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  • Fabian Kosse
  • Friedhelm Pfeiffer

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.

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Bibliographic Info

Paper provided by DIW Berlin, The German Socio-Economic Panel (SOEP) in its series SOEPpapers on Multidisciplinary Panel Data Research with number 431.

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Length: 5 p.
Date of creation: 2012
Date of revision:
Handle: RePEc:diw:diwsop:diw_sp431

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Keywords: time preferences; impatience; intergenerational transmission; field experiments;

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References

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  1. Black, Sandra E. & Devereux, Paul J., 2011. "Recent Developments in Intergenerational Mobility," Handbook of Labor Economics, Elsevier, Elsevier.
  2. M. Daniele Paserman, 2004. "Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation," 2004 Meeting Papers, Society for Economic Dynamics 99, Society for Economic Dynamics.
  3. Pfeiffer, Friedhelm & Eisenhauer, Philipp, 2008. "Assessing Intergenerational Earnings Persistence Among German Workers," ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research 08-014, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  4. Dohmen, Thomas J & Falk, Armin & Huffman, David & Sunde, Uwe, 2008. "Are Risk Aversion and Impatience Related to Cognitive Ability?," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6852, C.E.P.R. Discussion Papers.
  5. Bettinger, Eric & Slonim, Robert, 2007. "Patience among children," Journal of Public Economics, Elsevier, Elsevier, vol. 91(1-2), pages 343-363, February.
  6. repec:iab:iabzaf:v:41:i:2/3:p:119-137 is not listed on IDEAS
  7. Tom Krebs, 2003. "Human Capital Risk And Economic Growth," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 118(2), pages 709-744, May.
  8. Black, Sandra E. & Devereux, Paul J. & Salvanes, Kjell G., 2008. "Like Father, Like Son? A Note on the Intergenerational Transmission of IQ Scores," IZA Discussion Papers 3651, Institute for the Study of Labor (IZA).
  9. Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 40(2), pages 351-401, June.
  10. Meier, Stephan & Sprenger, Charles, 2009. "Present-Biased Preferences and Credit Card Borrowing," IZA Discussion Papers 4198, Institute for the Study of Labor (IZA).
  11. Eisenhauer, Philipp & Pfeiffer, Friedhelm, 2008. "Assessing intergenerational earnings persistence among German workers," Zeitschrift für ArbeitsmarktForschung - Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 41(2/3), pages 119-137.
  12. Anders Björklund & Mikael Lindahl & Erik Plug, 2006. "The Origins of Intergenerational Associations: Lessons from Swedish Adoption Data," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 121(3), pages 999-1028, 08.
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Cited by:
  1. Dorothea Blomeyer & Manfred Laucht & Katja Coneus & Friedhelm Pfeiffer, 2013. "Early Life Adversity and Childrens Competence Development: Evidence from the Mannheim Study of Children at Risk," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 233(4), pages 467-485, July.
  2. Thiel, Hendrik & Thomsen, Stephan L., 2013. "Noncognitive skills in economics: Models, measurement, and empirical evidence," Research in Economics, Elsevier, Elsevier, vol. 67(2), pages 189-214.
  3. Blomeyer, Dorothea & Coneus, Katja & Laucht, Manfred & Pfeiffer, Friedhelm, 2013. "Early Life Adversity and Children's Competence Development: Evidence from the Mannheim Study of Children at Risk," IZA Discussion Papers 7216, Institute for the Study of Labor (IZA).
  4. Giuseppe Albanese & Guido de Blasio & Paolo Sestito, 2013. "Trust and preferences: evidence from survey data," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area 911, Bank of Italy, Economic Research and International Relations Area.
  5. Pfeiffer, Friedhelm & Blomeyer, Dorothea & Coneus, Katja & Laucht, Manfred, 2013. "Early life adversity and children's competence development: evidence from the Mannheim Study of Children at Risk," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order, Verein für Socialpolitik / German Economic Association 79893, Verein für Socialpolitik / German Economic Association.

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