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Sibling and birth-order effects on time-preferences and real-life decisions

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Author Info
Lampi, Elina () (Department of Economics, School of Business, Economics and Law, Göteborg University)
Nordblom, Katarina () (Department of Economics, School of Business, Economics and Law, Göteborg University)

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Abstract

Survey data is used to investigate whether siblings and birth order can explain differences in stated time preferences and in some real-life decisions of intertemporal nature, namely whether one obtains a university education, whether one moves in with a partner at an early age, and when one has children. We also study earnings. Middleborns are found to be the least patient in terms of stated time preferences. First-borns, on the other hand, are more patient in real-life decisions than later-borns: they are more likely to obtain a university education and have higher earnings. Interestingly, those who have siblings but did not grow up with them are the least patient in family related real-life decisions. We also find that the more siblings one grew up with, the more impatient one is in the studied real-life decisions. Moreover, stated time preferences are correlated with the studied real-life decisions: people with high discount rates make more impatient choices and have lower earnings than others.

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File URL: http://hdl.handle.net/2077/21203
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Publisher Info
Paper provided by Göteborg University, Department of Economics in its series Working Papers in Economics with number 388.

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Length: 27 pages
Date of creation: 05 Oct 2009
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Handle: RePEc:hhs:gunwpe:0388

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Postal: Department of Economics, School of Business, Economics and Law, Göteborg University Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
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Related research
Keywords: time preferences; education; earnings; birth order; siblings;

Find related papers by JEL classification:
D99 - Microeconomics - - Intertemporal Choice and Growth - - - Other
I20 - Health, Education, and Welfare - - Education - - - General
J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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This page was last updated on 2009-12-4.

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