The effect of education on time preferences

Francisco Perez-Arce

Economics of Education Review, 2017, vol. 56, issue C, 52-64

Abstract: I examine whether education increases patience by analyzing a case study of a public college in Mexico City where admission decisions are determined through a lottery. Applicants who were successful in the draw were more likely to be studying in the following years. I surveyed the applicants to this college almost two years after the admission decision was made and measured their time preferences with a series of hypothetical inter-temporal choice questions. I find that individuals who acquired more education due to the admission lottery were, on average, more patient, which suggests there may be a causal effect of education on time preferences.

Keywords: Education; College; Schooling; Time preference; Patience; Gratification delay; Mexico (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (30)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoedu:v:56:y:2017:i:c:p:52-64

DOI: 10.1016/j.econedurev.2016.11.004

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