The Impact of Growth on the Transmission of Patience

Domenico Delli Gatti, Jakob Grazzini, Domenico Massaro and Fabrizio Panebianco

No 9829, CESifo Working Paper Series from CESifo

Abstract: Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural trait - patience - to their offspring. Our model shows that parental effort to educate children to patience positively depends on economic growth. We test empirically this result using both country-level and individual data and show that, coherently with the model’s prediction, growth has a significant impact on the effort to teach patience.

Keywords: growth; patience; cultural transmission (search for similar items in EconPapers)
JEL-codes: D15 D91 E21 O47 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-evo and nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_9829

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