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Impatience among Preschool Children and their Mothers

  • Kosse, Fabian

    ()

    (University of Bonn)

  • Pfeiffer, Friedhelm

    ()

    (ZEW Mannheim)

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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File URL: http://ftp.iza.org/dp6247.pdf
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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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  1. Dohmen Thomas & Falk Armin & Huffman David & Sunde Uwe, 2009. "Are Risk Aversion and Impatience Related to Cognitive Ability?," ROA Research Memorandum 007, Maastricht University, Research Centre for Education and the Labour Market (ROA).
  2. Björklund, Anders & Lindahl, Mikael & Plug, Erik, 2005. "The Origins of Intergenerational Associations: Lessons from Swedish Adoption Data," IZA Discussion Papers 1739, Institute for the Study of Labor (IZA).
  3. 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.
  4. Eric Bettinger & Robert Slonim, 2006. "Patience among children," Artefactual Field Experiments 00043, The Field Experiments Website.
  5. Paul J. Devereux, 2008. "Like father, like son? A note on the intergenerational transmission of IQ scores," Open Access publications 10197/752, School of Economics, University College Dublin.
  6. Paserman, M. Daniele, 2004. "Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation," IZA Discussion Papers 997, Institute for the Study of Labor (IZA).
  7. 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.
  8. Stephan Meier & Charles Sprenger, 2010. "Present-Biased Preferences and Credit Card Borrowing," American Economic Journal: Applied Economics, American Economic Association, vol. 2(1), pages 193-210, January.
  9. Sandra E. Black & Paul J. Devereux, 2010. "Recent developments in intergenerational mobility," Working Papers 201010, School of Economics, University College Dublin.
  10. Tom Krebs, 2003. "Human Capital Risk And Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 118(2), pages 709-744, May.
  11. repec:iab:iabzaf:v:41:i:2/3:p:119-137 is not listed on IDEAS
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