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Impatience among Preschool Children and their Mothers

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  • Kosse, Fabian

    ()
    (University of Bonn)

  • Pfeiffer, Friedhelm

    ()
    (ZEW Mannheim)

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 Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 6247.

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Length: 8 pages
Date of creation: Dec 2011
Date of revision:
Publication status: published in: Economics Letters, 2012, 115 (3), 493-495
Handle: RePEc:iza:izadps:dp6247

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

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References

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  1. 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.
  2. Paserman, Marco Daniele, 2004. "Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation," CEPR Discussion Papers 4396, C.E.P.R. Discussion Papers.
  3. Pfeiffer, Friedhelm & Eisenhauer, Philipp, 2008. "Assessing Intergenerational Earnings Persistence Among German Workers," ZEW Discussion Papers 08-014, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  4. Dohmen Thomas & Falk Armin & Huffman David & Sunde Uwe, 2009. "Are Risk Aversion and Impatience Related to Cognitive Ability?," Research Memorandum 040, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  5. Sandra E. Black & Paul J. Devereux, 2010. "Recent Developments in Intergenerational Mobility," NBER Working Papers 15889, National Bureau of Economic Research, Inc.
  6. 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).
  7. Anders Björklund & Mikael Lindahl & Erik Plug, 2006. "The Origins of Intergenerational Associations: Lessons from Swedish Adoption Data," The Quarterly Journal of Economics, MIT Press, vol. 121(3), pages 999-1028, 08.
  8. Tom Krebs, 2003. "Human Capital Risk And Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 118(2), pages 709-744, May.
  9. Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
  10. Bettinger, Eric & Slonim, Robert, 2007. "Patience among children," Journal of Public Economics, Elsevier, vol. 91(1-2), pages 343-363, February.
  11. Meier, Stephan & Sprenger, Charles, 2009. "Present-Biased Preferences and Credit Card Borrowing," IZA Discussion Papers 4198, Institute for the Study of Labor (IZA).
  12. repec:iab:iabzaf:v:41:i:2/3:p:119-137 is not listed on IDEAS
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Cited by:
  1. Thiel, Hendrik & Thomsen, Stephan L., 2011. "Noncognitive skills in economics: Models, measurement, and empirical evidence," ZEW Discussion Papers 09-076 [rev.], ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  2. 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 79893, Verein für Socialpolitik / German Economic Association.
  3. Dorothea Blomeyer & Katja Coneus & Manfred Laucht & Friedhelm Pfeiffer, 2012. "Early Life Adversity and Children's Competence Development: Evidence from the Mannheim Study of Children at Risk," Working Papers 2012-020, Human Capital and Economic Opportunity Working Group.
  4. 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, vol. 233(4), pages 467-485, July.
  5. Giuseppe Albanese & Guido de Blasio & Paolo Sestito, 2013. "Trust and preferences: evidence from survey data," Temi di discussione (Economic working papers) 911, Bank of Italy, Economic Research and International Relations Area.

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