Showing 1 - 10 of 841
Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth …, coherently with the model's prediction, growth has a significant impact on the effort to teach patience. … influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural …
Persistent link: https://www.econbiz.de/10013353441
Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth …, coherently with the model’s prediction, growth has a significant impact on the effort to teach patience … influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural …
Persistent link: https://www.econbiz.de/10014081043
Most economic models assume that time preferences are stable over time, but the evidence on their long-term stability is lacking. We study whether and how time preferences change over the life cycle, exploiting representative long-term panel data. We provide new evidence that discount rates...
Persistent link: https://www.econbiz.de/10012581998
We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal …
Persistent link: https://www.econbiz.de/10013353402
We study the role of expectations of naive agents in a general equilibrium version of the Ramsey model with quasi-hyperbolic discounting. When agents recognize others' naivete, as strongly suggested by empirical evidence, they revise consumption paths, correctly anticipating prices in a...
Persistent link: https://www.econbiz.de/10013353458
We study the role of expectations of naive agents in a general equilibrium version of the Ramsey model with quasi-hyperbolic discounting. When agents recognize others’ naivete, as strongly suggested by empirical evidence, they revise consumption paths, correctly anticipating prices in a...
Persistent link: https://www.econbiz.de/10014080053
Most economic models assume that time preferences are stable over time, but the evidence on their long-term stability is lacking. We study whether and how time preferences change over the life cycle, exploiting representative long-term panel data. We provide new evidence that discount rates...
Persistent link: https://www.econbiz.de/10013239561
We study the malleability of patience via educational interventions by aggregating evidence from earlier experiments in … a meta-analysis and by conducting a field experiment. We find that the average effect of interventions on patience is …' patience measured in incentivized tasks is unaffected by the intervention after 15 months follow-up, but we observe large …
Persistent link: https://www.econbiz.de/10013470338
We examine how cultural norms shape attitudes toward immigration. Our causal identification relies on comparing students who moved across the East-West border after German reunification with students who moved within former East Germany. Students who moved from East to West became more positive...
Persistent link: https://www.econbiz.de/10014534421
The homeownership rate in Germany is one of the lowest among advanced economies. To better understand this fact, we analyze the role of three specific policies which discourage homeownership in Germany: an extensive social housing sector with broad eligibility criteria, high transfer taxes when...
Persistent link: https://www.econbiz.de/10011777640