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The Effect of Education on Time Preferences

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  • Francisco Perez-Arce

Abstract

The author examines whether education increases patience. Admission decisions in a public college in Mexico are determined through a lottery. He finds that applicants who were successful in the draw were more likely to study in the following years. He surveyed the applicants to this college almost two years after the admission decision was made and measured their time preferences with a series of hypothetical inter-temporal choice questions. He finds that individuals who were successful in the admission lottery were, on average, more patient. He argues that this evidence points towards a causal effect of education on time preferences. t

Suggested Citation

  • Francisco Perez-Arce, 2011. "The Effect of Education on Time Preferences," Working Papers 844, RAND Corporation.
  • Handle: RePEc:ran:wpaper:844
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    File URL: https://www.rand.org/content/dam/rand/pubs/working_papers/2011/RAND_WR844.pdf
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    References listed on IDEAS

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    1. John Ameriks & Andrew Caplin & John Leahy & Tom Tyler, 2007. "Measuring Self-Control Problems," American Economic Review, American Economic Association, pages 966-972.
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    Cited by:

    1. Laurent Denant-Boemont & Enrico Diecidue & Olivier l’Haridon, 2017. "Patience and time consistency in collective decisions," Experimental Economics, Springer;Economic Science Association, pages 181-208.
    2. Laurent Denant-Boèmont & Enrico Diecidue & Olivier L'Haridon, 2013. "Patience and Time Consistency in Collective Decisions," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201329, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    3. Takagi, Daisuke & Kondo, Naoki & Takada, Misato & Hashimoto, Hideki, 2016. "Educational attainment, time preference, and health-related behaviors: A mediation analysis from the J-SHINE survey," Social Science & Medicine, Elsevier, pages 116-122.
    4. Laurent Denant-Boemont & Enrico Diecidue & Olivier l’Haridon, 2017. "Patience and time consistency in collective decisions," Experimental Economics, Springer;Economic Science Association, pages 181-208.
    5. Wadho, Waqar Ahmed & Ayaz, Umair, 2015. "Rent-seeking, Government Size and Economic Growth," MPRA Paper 71213, University Library of Munich, Germany.
    6. World Bank Group, 2015. "Toward Solutions for Youth Employment," World Bank Other Operational Studies 23261, The World Bank.
    7. Mabel Andalón & Jenny Williams & Michael Grossman, 2014. "Empowering Women: The Effect of Schooling on Young Women's Knowledge and Use of Contraception," NBER Working Papers 19961, National Bureau of Economic Research, Inc.
    8. Higashi, Youichiro & Hyogo, Kazuya & Takeoka, Norio, 2014. "Stochastic endogenous time preference," Journal of Mathematical Economics, Elsevier, pages 77-92.

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