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The impact of growth on the transmission of patience

Author

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  • Delli Gatti, Domenico
  • Grazzini, Jakob
  • Massaro, Domenico
  • Panebianco, Fabrizio

Abstract

The idea that patience is an important determinant of economic growth is well rooted in the economic literature. This paper investigates the causal relationship going in the opposite direction, i.e., from growth to patience. We propose a simple theoretical framework where patience evolves endogenously over time as a result of parental effort to transmit it to their offspring. Our model links such effort, and thus the overall level of patience in an economy, to economic growth. We corroborate our theoretical mechanism by estimating the impact of growth shocks on proxies of both patience and parental engagement to educate children to patience.

Suggested Citation

  • Delli Gatti, Domenico & Grazzini, Jakob & Massaro, Domenico & Panebianco, Fabrizio, 2026. "The impact of growth on the transmission of patience," Journal of Economic Behavior & Organization, Elsevier, vol. 247(C).
    • Handle: RePEc:eee:jeborg:v:247:y:2026:i:c:s0167268126001897
    DOI: 10.1016/j.jebo.2026.107603
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    Keywords

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    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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