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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/10013285513
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/10014550324
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
This paper characterizes the solution to a consumption/savings decision problem in which one of the consumption goods involves transaction costs. It then analyzes how such adjustment costs affect consumers' risk attitudes. Previous studies have suggested that transaction costs, by resulting in...
Persistent link: https://www.econbiz.de/10010729239
factors for households and compare these estimates of their patience to their replacement rates-the simple measure often used …
Persistent link: https://www.econbiz.de/10012215428
factors for households and compare these estimates of their patience to their replacement rates-the simple measure often used …
Persistent link: https://www.econbiz.de/10012213993
This paper examines the national savings behaviour in the process of economic growth through a comparative analysis of … 'virtuous circle' between growth and savings, with growth initiating the savings transition. No evidence to suggest that a prior … phase of promoting savings through specific policy initiatives is needed to initiate the process of growth and structural …
Persistent link: https://www.econbiz.de/10014322662
This paper examines the national savings behaviour in the process of economic growth through a comparative analysis of … 'virtuous circle' between growth and savings, with growth initiating the savings transition. No evidence to suggest that a prior … phase of promoting savings through specific policy initiatives is needed to initiate the process of growth and structural …
Persistent link: https://www.econbiz.de/10013479526
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