published in: Applied Economics Letters 2013, 20 (10), 983-986
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.
We use Google Analytics in compliance with German Data Protection Law. The site gathers data for the sole purpose of improving its services. You're able to decline now or later. By using our services, you agree to our use of cookies. You'll find more information here.