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The cost of being too patient

Paola Giuliano and Paola Sapienza ()

No 26677, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We study the cost of being too patient on happiness. We find that the relationship between patience and various measures of subjective well-being is hump-shaped: it exists an optimal amount of patience that maximizes happiness. Beyond this optimal level, higher levels of patience have a negative impact on well-being.

JEL-codes: A0 D01 D9 Z1 (search for similar items in EconPapers)
Date: 2020-01
New Economics Papers: this item is included in nep-evo, nep-hap, nep-hea and nep-ltv
Note: POL
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Published as Paola Giuliano & Paola Sapienza, 2020. "The Cost of Being Too Patient," AEA Papers and Proceedings, vol 110, pages 314-318.

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