Quasi-hyperbolic time preferences and their intergenerational transmission

Fabian Kosse and Friedhelm Pfeiffer

Applied Economics Letters, 2013, vol. 20, issue 10, 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.

Date: 2013
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Working Paper: Quasi-Hyperbolic Time Preferences and their Intergenerational Transmission (2013)
Working Paper: Quasi-hyperbolic time preferences and their intergenerational transmission (2013)
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DOI: 10.1080/13504851.2013.767974

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