Sunde, Uwe; Dohmen, Thomas; Enke, Benjamin; Falk, Armin; … - 2020
This paper studies the relationship between patience and comparative development through a combination of reduced … sets of stylized facts. First, patience is strongly correlated with both per capita income and the accumulation of physical …. Second, the quantitative magnitude of the patience elasticity strongly increases in the level of aggregation. To provide an …