Intergenerational Transmission of Time Preferences: An Evidence from Rural Thailand

Suparee Boonmanunt, Wasinee Jantorn, Varunee Khruapradit and Weerachart Kilenthong

No 178, PIER Discussion Papers from Puey Ungphakorn Institute for Economic Research

Abstract: This study investigates factors associated with child time preferences in rural Thailand using a large and unique data set of more than 700 children with rich background information on child, caregiver, parent, and household characteristics. We find that the caregiver discount factor positively correlates with a child’s ability to delay gratification, regardless of whether the caregiver is a parent. Children’s age and literacy ability are significantly associated with child time preferences, while other variables, e.g., screen time, are not. Interestingly, the older the caregivers, the stronger the relationship between caregiver and child time preferences.

Keywords: Time preferences; Patience; Field experiment; Intergenerational transmission; Skill formation (search for similar items in EconPapers)
JEL-codes: C93 D64 J24 O15 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2022-05, Revised 2024-04
New Economics Papers: this item is included in nep-exp, nep-lma and nep-sea
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Citations: View citations in EconPapers (1)

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