Quasi-Hyperbolic Time Preferences and their Intergenerational Transmission

Fabian Kosse and Friedhelm Pfeiffer

No 7221, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This study explores the intergenerational transmission of time preferences and focuses on the question 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 assessing 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.

Keywords: intergenerational transmission; time preference; quasi-hyperbolic discounting; preschool children (search for similar items in EconPapers)
JEL-codes: D10 D90 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2013-02
New Economics Papers: this item is included in nep-dem
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Citations: View citations in EconPapers (18)

Published - published in: Applied Economics Letters 2013, 20 (10), 983-986

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Related works:
Journal Article: Quasi-hyperbolic time preferences and their intergenerational transmission (2013)
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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