TY  - RPRT
        AU  - Golsteyn, Bart H.H.
AU  - Grönqvist, Hans
AU  - Lindahl, Lena
        TI  - Time Preferences and Lifetime Outcomes
        PY  - 2013/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7165
        UR  - https://www.iza.org/publications/dp7165
        AB  - 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.
        KW  - income
KW  - preference parameter
KW  - personality
KW  - intertemporal choice
KW  - human capital
KW  - health
        ER  -