Time preferences and lifetime outcomes

Arbeitspapier

This paper investigates the relationship between time preferences and lifetime social and economic behavior. We use a Swedish longitudinal dataset that links information from a large survey on children's time preferences at age 13 to administrative registers spanning over four decades. Our results indicate a substantial adverse relationship between high discount rates and school performance, health, labor supply, and lifetime income. Males and high ability children gain significantly more from being future-oriented. These discrepancies are largest regarding outcomes later in life. We also show that the relationship between time preferences and long-run outcomes operates through early human capital investments.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 2013:22

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡ ; Labor Economics: General
• Thema: intertemporal choice ; personality ; preference parameter ; human capital ; income ; health

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Golsteyn, Bart H. H. ; Grönqvist, Hans ; Lindahl, Lena
• Ereignis: Veröffentlichung
• (wer): Institute for Evaluation of Labour Market and Education Policy (IFAU)
• (wo): Uppsala
• (wann): 2013

Weitere Informationen

• Handle: http://hdl.handle.net/10419/106276
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ