@TechReport{iza:izadps:dp9383,
            	author={Sutter, Matthias and Angerer, Silvia and Glätzle-Rützler, Daniela and Lergetporer, Philipp},
            	title={The Effect of Language on Economic Behavior: Experimental Evidence from Children's Intertemporal Choices},
            	year={2015},
	month={Sep},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={9383},
            	url={https://www.iza.org/index.php/publications/dp9383},
	abstract={According to Chen's (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the present (like English or Italian) induce less future-oriented behavior than languages in which speakers can refer to the future by using present tense (like German). We complement Chen's approach with experimentally elicited time preference data from a bilingual city in Northern Italy. We find that German-speaking primary school children are about 46% more likely than Italian-speaking children to delay gratification in an intertemporal choice experiment. The difference remains significant in several robustness checks and when controlling for a broad range of factors, including risk attitudes, IQ or family background.},
	keywords={experiment;language;intertemporal choice;children},
            }