%0 Report %A Giuliano, Paola %A Sapienza, Paola %T The Cost of Being Too Patient %D 2020 %8 2020 Jan %I Institute of Labor Economics (IZA) %C Bonn %7 IZA Discussion Paper %N 12900 %U https://www.iza.org/publications/dp12900 %X We study the cost of being too patient on happiness. We find that the relationship between patience and various measures of subjective well-being is hump-shaped: it exists an optimal amount of patience that maximizes happiness. Beyond this optimal level, higher levels of patience have a negative impact on well-being. %K patience %K happiness