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Parenting Values Moderate The Intergenrational Transmission Of Time Preferences

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  • Thomas Epper

    (University of St.Gallen, School of Economics and Political Science)

  • Anne Ardila Bren�e

    (CEBI, Department of Economics, University of Copenhagen)

Abstract

We study the intergenerational transmission of time preferences in a setting without reverse causality concerns. We find substantial transmission of patience from parents to children, which is insensitive to the inclusion of comprehensive sets of administratively reported controls and persists as children age. We further explore heterogeneity in the transmission with respect to two theoretically important but distinct dimensions of socialization through which parents can influence children�s traits: parenting values and parental involvement. Our results show that, in contrast to authoritative parents, authoritarian and permissive parents transmit patience to their offspring. Meanwhile, parental involvement is not an important moderator. These patterns replicate in an independent sample with richer measures of parental involvement.

Suggested Citation

  • Thomas Epper & Anne Ardila Bren�e, 2019. "Parenting Values Moderate The Intergenrational Transmission Of Time Preferences," CEBI working paper series 19-09, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    • Handle: RePEc:kud:kucebi:1909
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    Cited by:

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    2. Laura Breitkopf & Shyamal Chowdhury & Shambhavi Priyam & Hannah Schildberg-Hörisch & Matthias Sutter, 2024. "Do Economic Preferences of Children Predict Behavior?," CESifo Working Paper Series 10988, CESifo.
    3. Sund, Oda Kristine Storstad, 2023. "Unleveling the Playing Field? Experimental Evidence on Parents’ Willingness to Give Their Child an Advantage," Discussion Paper Series in Economics 21/2023, Norwegian School of Economics, Department of Economics.
    4. Muscatelli, Anton & Roy, Graeme & Trew, Alex, 2022. "Persistent States: Lessons For Scottish Devolution And Independence," National Institute Economic Review, National Institute of Economic and Social Research, vol. 260, pages 51-63, May.
    5. Breitkopf, Laura & Chowdhury, Shyamal K. & Priyam, Shambhavi & Schildberg-Hörisch, Hannah & Sutter, Matthias, 2020. "Do economic preferences of children predict behavior?," DICE Discussion Papers 342, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    6. Maria Zumbuehl & Thomas Dohmen & Gerard Pfann, 2021. "Parental Involvement and the Intergenerational Transmission of Economic Preferences, Attitudes and Personality Traits," The Economic Journal, Royal Economic Society, vol. 131(638), pages 2642-2670.
    7. Thijs Brouwer & Fabio Galeotti & Marie Claire Villeval, 2023. "Teaching Norms: Direct Evidence of Parental Transmission," The Economic Journal, Royal Economic Society, vol. 133(650), pages 872-887.
    8. Jonas Tungodden & Alexander Willén, 2023. "When Parents Decide: Gender Differences in Competitiveness," Journal of Political Economy, University of Chicago Press, vol. 131(3), pages 751-801.
    9. Breitkopf, Laura & Chowdhury, Shyamal & Priyam, Shambhavi & Schildberg-Hörisch, Hannah & Sutter, Matthias, 2024. "Do Economic Preferences of Children Predict Behavior?," IZA Discussion Papers 16834, Institute of Labor Economics (IZA).
    10. Laura Breitkopf & Shyamal Chowdhury & Shambhavi Priyam & Hannah Schildberg-Hörisch & Matthias Sutter, 2024. "Do economic preferences of children predict behavior?," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2024_09, Max Planck Institute for Research on Collective Goods.
    11. Suparee Boonmanunt & Wasinee Jantorn & Varunee Khruapradit & Weerachart Kilenthong, 2022. "Intergenerational Transmission of Time Preferences: An Evidence from Rural Thailand," PIER Discussion Papers 178, Puey Ungphakorn Institute for Economic Research, revised Apr 2024.

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    More about this item

    Keywords

    Intergenerational transmission; time preferences; patience; parenting style; parenting values; parental involvement;
    All these keywords.

    JEL classification:

    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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