Parental Paternalism and Patience

Arbeitspapier

We study whether and how parents interfere paternalistically in their children’s intertemporal decision-making. Based on experiments with over 2,000 members of 610 families, we find that parents anticipate their children’s present bias and aim to mitigate it. Using a novel method to measure parental interference, we show that more than half of all parents are willing to pay money to override their children’s choices. Parental interference predicts more intensive parenting styles and a lower intergenerational transmission of patience. The latter is driven by interfering parents not transmitting their own present bias, but molding their children’s preferences towards more time-consistent choices.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CESifo Working Paper ; No. 8829

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Design of Experiments: General ; Household Behavior: General ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡ ; Altruism; Philanthropy; Intergenerational Transfers ; Fertility; Family Planning; Child Care; Children; Youth ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Microeconomic Analyses of Economic Development
• Thema: parental paternalism ; time preferences ; convex time budgets ; present bias ; intergenerational transmission ; parenting styles ; experiment

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Kiessling, Lukas ; Chowdhury, Shyamal ; Schildberg-Hörisch, Hannah ; Sutter, Matthias
• Ereignis: Veröffentlichung
• (wer): Center for Economic Studies and Ifo Institute (CESifo)
• (wo): Munich
• (wann): 2021

Weitere Informationen

• Handle: http://hdl.handle.net/10419/232426
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ