Quasi-hyperbolic time preferences and their intergenerational transmission

Kosse, Fabian und Pfeiffer, Friedhelm (2013): Quasi-hyperbolic time preferences and their intergenerational transmission. In: Applied Economics Letters, Bd. 20, Nr. 10: S. 983-986

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.

• Dokumententyp: Zeitschriftenartikel
• Keywords: intergenerational transmission;preschool children;quasi-hyperbolic;time preference
• Fakultät: Volkswirtschaft
• Themengebiete: 300 Sozialwissenschaften > 300 Sozialwissenschaft, Soziologie ; 300 Sozialwissenschaften > 330 Wirtschaft ; 300 Sozialwissenschaften > 370 Bildung und Erziehung
• JEL Classification: D10, D90
• ISSN: 1350-4851
• Sprache: Englisch