Quasi-hyperbolic time preferences and their intergenerational transmission

Kosse, Fabian ; Pfeiffer, Friedhelm

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URL: https://ub-madoc.bib.uni-mannheim.de/33003
URN: urn:nbn:de:bsz:180-madoc-330033
Document Type: Working paper
Year of publication: 2013
The title of a journal, publication series: ZEW Discussion Papers
Volume: 13-002
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: D90 , D10,
Subject headings (SWD): Zeitpräferenz , Generationenbeziehungen , Mütter , Kinder
Keywords (English): Intergenerational transmission , time preference , quasi-hyperbolic discounting , preschool children
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.

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