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Impatience among Preschool Children and their Mothers

Author

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  • Kosse, Fabian

    (Ludwig-Maximilians-Universität München)

  • 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.

Suggested Citation

  • Kosse, Fabian & Pfeiffer, Friedhelm, 2011. "Impatience among Preschool Children and their Mothers," IZA Discussion Papers 6247, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izadps:dp6247
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    More about this item

    Keywords

    intergenerational transmission; impatience; time preferences; field experiments;
    All these keywords.

    JEL classification:

    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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