TY  - RPRT
        AU  - Kosse, Fabian
AU  - Pfeiffer, Friedhelm
        TI  - Quasi-Hyperbolic Time Preferences and their Intergenerational Transmission
        PY  - 2013/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7221
        UR  - https://www.iza.org/publications/dp7221
        AB  - 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.
        KW  - intergenerational transmission
KW  - time preference
KW  - quasi-hyperbolic discounting
KW  - preschool children
        ER  -