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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 the association between child and caregiver time preferences in rural Thailand. We find that caregiver discount factor is positively correlated to a child’s ability to delay gratification, indicating that patient children are more likely to have patient caregivers. This correlation exists regardless of whether the caregiver is a biological parent or not. However, some evidence suggests genetic contribution in intergenerational transmission of time preferences: this correlation is stronger when both biological parents live at home than when none is present, and mother’s time preferences is stronger correlated with child time preferences than grandmother’s.

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