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Quasi-hyperbolic time preferences and their intergenerational transmission

Author

Listed:
  • Kosse, Fabian
  • Pfeiffer, Friedhelm

Abstract

This study explores the intergenerational transmission of time preferences and focuses on the question of which specific aspects of mother's time preference are related to her preschool child's ability to delay gratification. We provide a new procedure for calculating the parameters of a quasi-hyperbolic' discount function (Laibson, 1997) using two trade-off experiments. We apply the procedure to a sample of 213 mother-child pairs and show that especially mother's beta parameter is related to her preschool child's ability to delay gratification.

Suggested Citation

  • Kosse, Fabian & Pfeiffer, Friedhelm, 2013. "Quasi-hyperbolic time preferences and their intergenerational transmission," Munich Reprints in Economics 68615, University of Munich, Department of Economics.
    • Handle: RePEc:lmu:muenar:68615
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    Cited by:

    1. Andreoni, James & Kuhn, Michael A. & List, John A. & Samek, Anya & Sokal, Kevin & Sprenger, Charles, 2019. "Toward an understanding of the development of time preferences: Evidence from field experiments," Journal of Public Economics, Elsevier, vol. 177(C), pages 1-1.
    2. Brenøe, Anne Ardila & Epper, Thomas, 2022. "Parenting values and the intergenerational transmission of time preferences," European Economic Review, Elsevier, vol. 148(C).
    3. Fitzenberger, Bernd & Licklederer, Stefanie, 2016. "Additional Career Assistance and Educational Outcomes for Students in Lower Track Secondary Schools," VfS Annual Conference 2016 (Augsburg): Demographic Change 145787, Verein für Socialpolitik / German Economic Association.
    4. Philipp Huebler & Andreas Kucher, 2016. "Ashes to ashes, time to time - Parental time discounting and its role in the intergenerational transmission of smoking," Discussion Paper Series 326, Universitaet Augsburg, Institute for Economics.
    5. Schaewitz, Johannes & Wang, Mei & Rieger, Marc Oliver, 2022. "Culture and Institutions: Long-lasting effects of communism on risk and time preferences of individuals in Europe," Journal of Economic Behavior & Organization, Elsevier, vol. 202(C), pages 785-829.
    6. Tim Friehe & Markus Pannenberg, 2020. "Time preferences and political regimes: evidence from reunified Germany," Journal of Population Economics, Springer;European Society for Population Economics, vol. 33(1), pages 349-387, January.
    7. Daniel Horn & Hubert Janos Kiss, 2018. "Which preferences associate with school performance?—Lessons from an exploratory study with university students," PLOS ONE, Public Library of Science, vol. 13(2), pages 1-32, February.
    8. Koch, Alexander & Nafziger, Julia & Nielsen, Helena Skyt, 2015. "Behavioral economics of education," Journal of Economic Behavior & Organization, Elsevier, vol. 115(C), pages 3-17.
    9. Samek, Anya & Gray, Andre & Datar, Ashlesha & Nicosia, Nancy, 2021. "Adolescent time and risk preferences: Measurement, determinants and field consequences," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 460-488.
    10. James Andreoni & Michael Kuhn & John List & Anya Samek & Charles Sprenger, 2017. "Field experiments on the development of time preferences," Artefactual Field Experiments 00615, The Field Experiments Website.
    11. Mohrenweiser, Jens & Pfeiffer, Friedhelm, 2016. "Zur Entwicklung der studienspezifischen Selbstwirksamkeit in der Oberstufe," Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 49(1), pages 77-95.
    12. Tomáš Želinský, 2021. "Intertemporal Choices of Children and Adults from Poor Roma Communities: A Case Study from Slovakia," Eastern European Economics, Taylor & Francis Journals, vol. 59(4), pages 378-405, July.

    More about this item

    Keywords

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    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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