Quasi-Hyperbolic Time Preferences and their Intergenerational Transmission
نویسندگان
چکیده
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.
منابع مشابه
A Theory of Intergenerational Altruism
Modeling intergenerational altruism is crucial to evaluate the long-term consequences of current decisions, and requires a set of principles guiding such altruism. We axiomatically develop a theory of pure, direct altruism: Altruism is pure if it concerns the total utility (rather than the mere consumption utility) of future generations, and direct if it directly incorporates the utility of all...
متن کاملNonparametric Analysis of Time-Inconsistent Preferences
This paper provides a revealed preference characterisation of quasi-hyperbolic discounting which is designed to be applied to readily-available expenditure surveys. We describe necessary and sufficient conditions for the leading forms of the model and also explore the consequences the restrictions on preferences popularly used in empirical lifecycle consumption models. Using data from a househo...
متن کاملThe Role of Time Preferences in the Intergenerational Transfer of Smoking
Evidence suggests that maternal and offspring smoking behaviour is correlated. Little is known about the mechanisms through which this intergenerational transfer occurs. This paper explores the role of time preferences. Although time preference is likely to be heritable and correlated with health investments, its role in the intergenerational transmission of smoking has not been explored previo...
متن کاملNOTA DI LAVORO 89 . 2011 Optimal Conservation
In this paper we study the optimal forest conservation policy by a hyperbolically discounting society. Society comprises a series of non-overlapping imperfectly altruistic generations each represented by its own government. Under uncertainty about future pay-offs we determine, as solution of an intergenerational dynamic game, the optimal timing of irreversible harvest. Earlier harvest occurs an...
متن کاملTransmission of posttraumatic stress disorder (PTSD) from father to offspring in families: a narrative review
This narrative review evaluates the intergenerational transmission of Post-Traumatic Stress Disorder (PTSD) from father to offspring in families. PTSD is the most important mental disorders in persons rescue from war. This impairment causes many problems and stressful conditions. Recently, the definition of PTSD contains not only those affected by the catastrophe but also those who have witness...
متن کامل