%0 Report
        %A Golsteyn, Bart H.H.
%A Grönqvist, Hans
%A Lindahl, Lena
        %T Time Preferences and Lifetime Outcomes
        %D 2013
        %8 2013 Jan
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 7165
        %U https://www.iza.org/publications/dp7165
        %X This paper investigates the relationship between time preferences and lifetime social and economic behavior. We use a Swedish longitudinal dataset that links information from a large survey on children's time preferences at age 13 to administrative registers spanning over five decades. Our results indicate a substantial adverse relationship between high discount rates and school performance, health, labor supply, and lifetime income. Males and high ability children gain significantly more from being future-oriented. These discrepancies are largest regarding outcomes later in life. We also show that the relationship between time preferences and long-run outcomes operates through early human capital investments.
        %K income
%K preference parameter
%K personality
%K intertemporal choice
%K human capital
%K health