Quasi-hyperbolic time preferences and their intergenerational transmission

By:

KOSSE, Fabian

Contributor(s):

PFEIFFER, Friedhelm

Material type: Text

TextSeries: Applied Economics Letters ; Volume , number ,New York Taylor & Francis 2013Content type:

text

Media type:

unmediated

Carrier type:

volume

Subject(s):

Online resources:

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Summary: This study explores the intergenerational transmission of time preferences and focuses on the question of 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 calculating 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.

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Item type	Current library	Call number	Vol info	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HB1.A666 APP (Browse shelf(Opens below))	Vol.20 , No.10 - 12 (Aug 2013)	Not for loan	For In House Use Only

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This study explores the intergenerational transmission of time preferences and focuses on the question of 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 calculating 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.

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