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  1. Does education affect time preference?
    evidence from Indonesia
    Autor*in: Jung, Dawoon; Bharati, Tushar; Chin, Seungwoo
    Erschienen: [2020]
    Verlag:  The University of Western Australia, Economics, [Crawley, WA]

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    Schriftenreihe: Discussion paper / The University of Western Australia, Economics ; 20, 17
    Schlagworte: Bildungsabschluss; Intertemporale Entscheidung; Kausalanalyse; Humankapital; Indonesien; Time preference; patience; education; Indonesia
    Umfang: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  2. A field study of donor behavior in the iranian kidney market
    Autor*in: Moghaddasi Kelishomi, Ali; Sgroi, Daniel
    Erschienen: [2021]
    Verlag:  University of Warwick, Department of Economics, Coventry, United Kingdom

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    Schriftenreihe: Warwick economics research papers ; no: 1381 (October 2021)
    Schlagworte: kidney donation; Iranian kidney market; risk; patience; rationality; altruism; generalized axiom of revealed preference; field experiment
    Umfang: 1 Online-Ressource (circa Seiten)
  3. Selection, patience, and the interest rate
    Autor*in: Stefanski, Radoslaw; Trew, Alex
    Erschienen: [2021]
    Verlag:  [Adam Smith Business School], [Glasgow]

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    Schriftenreihe: Working paper series / University of Glasgow, Adam Smith Business School ; paper no 2020, 03 (June 2021)
    Schlagworte: Interest rates; selection; fertility; patience; heterogeneous agents
    Umfang: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  4. Parenting values moderate the intergenerational transmission of time preferences
    Autor*in: Brenøe, Anne Ardila; Epper, Thomas
    Erschienen: [2019]
    Verlag:  CEBI, Department of Economics, University of Copenhagen, Copenhagen

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    Weitere Identifier:
    hdl: 10419/258909
    Schriftenreihe: CEBI working paper series ; 19, 09
    Schlagworte: Intergenerational transmission; time preferences; patience; parenting style; parenting values; parental involvement
    Umfang: 1 Online-Ressource (circa 52 Seiten), Illustrationen
  5. Children's patience and schooltrack choices several years later
    linking experimental and field data
    Autor*in: Angerer, Silvia; Bolvashenkova, Jana; Glätzle-Rützler, Daniela; Lergetporer, Philipp; Sutter, Matthias
    Erschienen: May 2021
    Verlag:  Max Planck Institute for Research on Collective Goods, Bonn

    We present direct evidence on the link between children's patience and educational-track choices years later. Combining an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three years... mehr

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    We present direct evidence on the link between children's patience and educational-track choices years later. Combining an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three years later at the end of middle school, we find that patience significantly predicts choosing an academic track. This relationship remains robust after controlling for a rich set of covariates, such as family background, school-class fixed effects, risk preferences, and cognitive abilities, and is not driven by sample attrition. Accounting for middle-school GPA as a potential mediating factor suggests a direct link between patience and educational-track choice.

     
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    Weitere Identifier:
    hdl: 21.11116/0000-0008-938D-3
    hdl: 10419/245975
    Schriftenreihe: Discussion papers of the Max Planck Institute for Research on Collective Goods ; 2021, 12
    Schlagworte: patience; education; school track choice; children; lab-in-the-field experiment
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  6. Children's patience and school-track choices several years later: linking experimental and field data
    Autor*in: Angerer, Silvia; Bolvashenkova, Jana; Glätzle-Rützler, Daniela; Lergetporer, Philipp; Sutter, Matthias
    Erschienen: May 2021
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    We present direct evidence on the link between children's patience and educational-track choices years later. Combining an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three years... mehr

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    We present direct evidence on the link between children's patience and educational-track choices years later. Combining an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three years later at the end of middle school, we find that patience significantly predicts choosing an academic track. This relationship remains robust after controlling for a rich set of covariates, such as family background, school-class fixed effects, risk preferences, and cognitive abilities, and is not driven by sample attrition. Accounting for middle-school GPA as a potential mediating factor suggests a direct link between patience and educational-track choice.

     
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    Weitere Identifier:
    hdl: 10419/236432
    Schriftenreihe: Discussion paper series / IZA ; no. 14401
    Schlagworte: patience; education; school track choice; children; lab-in-thefield experiment
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  7. Children's patience and school-track choices several years later
    linking experimental and field data
    Autor*in: Angerer, Silvia; Bolvashenkova, Jana; Glätzle-Rützler, Daniela; Lergetporer, Philipp; Sutter, Matthias
    Erschienen: May 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We present direct evidence on the link between children’s patience and educational-track choices years later. Combining an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three years... mehr

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    We present direct evidence on the link between children’s patience and educational-track choices years later. Combining an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three years later at the end of middle school, we find that patience significantly predicts choosing an academic track. This relationship remains robust after controlling for a rich set of covariates, such as family background, school-class fixed effects, risk preferences, and cognitive abilities, and is not driven by sample attrition. Accounting for middle-school GPA as a potential mediating factor suggests a direct link between patience and educational-track choice.

     
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    Weitere Identifier:
    hdl: 10419/236652
    Schriftenreihe: CESifo working paper ; no. 9110 (2021)
    Schlagworte: patience; education; school track choice; children; lab-in-field experiment
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  8. Collective intertemporal decisions and heterogeneity in groups
    Autor*in: Glätzle-Rützler, Daniela; Lergetporer, Philipp; Sutter, Matthias
    Erschienen: January 2021
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We... mehr

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    Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group members' heterogeneous payoffs from waiting on intertemporal choices. We find that three-person groups behave more patiently than individuals. This effect stems from the presence of at least one group member with a high payoff from waiting. We analyze additional treatments, group chat content, and survey data to uncover the mechanism through which heterogeneity in groups increases patience.

     
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    Weitere Identifier:
    hdl: 10419/232777
    Schriftenreihe: Discussion paper series / IZA ; no. 14025
    Schlagworte: patience; time preferences; group decisions; payoff heterogeneity; experiment
    Umfang: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  9. Collective intertemporal decisions and heterogeneity in groups
    Autor*in: Glätzle-Rützler, Daniela; Lergetporer, Philipp; Sutter, Matthias
    Erschienen: [2021]
    Verlag:  ECONtribute, Bonn

    Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We... mehr

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    Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group members’ heterogeneous payoffs from waiting on intertemporal choices. We find that three-person groups behave more patiently than individuals. This effect stems from the presence of at least one group member with a high payoff from waiting. We analyze additional treatments, group chat content, and survey data to uncover the mechanism through which heterogeneity in groups increases patience.

     
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    hdl: 10419/228857
    Schriftenreihe: ECONtribute discussion paper ; no. 054 (January 2021)
    Schlagworte: patience; time preferences; group decisions; payoff heterogeneity; experiment
    Umfang: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  10. Children's patience and school-track choices several years later
    linking experimental and field data
    Autor*in: Angerer, Silvia; Bolvashenkova, Jana; Glätzle-Rützler, Daniela; Lergetporer, Philipp; Sutter, Matthias
    Erschienen: [2021]
    Verlag:  Research platform Empirical and Experimental Economics, University of Innsbruck, Innsbruck, Austria

    We present direct evidence on the link between children's patience and educational-track choices years later. Combining an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three years... mehr

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    We present direct evidence on the link between children's patience and educational-track choices years later. Combining an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three years later at the end of middle school, we find that patience significantly predicts choosing an academic track. This relationship remains robust after controlling for a rich set of covariates, such as family background, school-class fixed effects, risk preferences, and cognitive abilities, and is not driven by sample attrition. Accounting for middle-school GPA as a potential mediating factor suggests a direct link between patience and educational-track choice.

     
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    hdl: 10419/240445
    Schriftenreihe: Working papers in economics and statistics ; 2021, 17
    Schlagworte: patience; education; school track choice; children; lab-in-the-field experiment
    Umfang: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  11. Gender differences in preferences of adolescents
    evidence from a large-scale classroom experiment
    Autor*in: Horn, Dániel; Kiss, Hubert János; Lénárd, Tünde
    Erschienen: [2021]
    Verlag:  Institute of Economics, Centre for Economic and Regional Studies, Budapest

    In this study, we estimate unadjusted and adjusted gender gap in time preference, risk attitudes, altruism, trust, trustworthiness, cooperation and competitiveness using data on 1088 high-school students from 53 classes. These data, collected by... mehr

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    In this study, we estimate unadjusted and adjusted gender gap in time preference, risk attitudes, altruism, trust, trustworthiness, cooperation and competitiveness using data on 1088 high-school students from 53 classes. These data, collected by running incentivized experiments in Hungarian classrooms, are linked to an administrative data source on the students’ standardized test scores, grades and family background. We find that after taking into account class fixed effects, females are significantly more altruistic (both with classmates and schoolmates), but are less present-biased, less risk tolerant, less trusting, less trustworthy and less competitive than males. At the same time we do not observe significant gender differences in patience, time inconsistency and cooperation at the 5% significance level. We also show that these initial gender differences do not change even if we control for age, family background, cognitive skills and school grades in a regression framework. Moreover, the gender gap also remains in all but one of these preferences even if we control for the other preference domains, suggesting that only risk preferences are confounded by the other preferences, at least as the gender gap in these preferences is concerned.

     
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    hdl: 10419/237547
    Schriftenreihe: CERS-IE working papers ; CERS-IE WP - 2021, 3 (January 2021)
    Schlagworte: adolescents; altruism; competitiveness; cooperation; dictator game; patience; present bias; public goods game; risk preferences; social preferences; time inconsistency; time preferences; trust; trustworthiness
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  12. Can mentoring alleviate family disadvantage in adolescence?
    a field experiment to improve labor-market prospects
    Autor*in: Resnjanskij, Sven; Ruhose, Jens; Wiederhold, Simon; Woessmann, Ludger
    Erschienen: February 2021
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    We study a mentoring program that aims to improve the labor-market prospects of school- attending adolescents from disadvantaged families by offering them a university-student mentor. Our RCT investigates program effectiveness on three outcome... mehr

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    We study a mentoring program that aims to improve the labor-market prospects of school- attending adolescents from disadvantaged families by offering them a university-student mentor. Our RCT investigates program effectiveness on three outcome dimensions that are highly predictive of adolescents' later labor-market success: math grades, patience/social skills, and labor-market orientation. For low-SES adolescents, the one-to-one mentoring increases a combined index of the outcomes by half a standard deviation after one year, with significant increases in each dimension. Part of the treatment effect is mediated by establishing mentors as attachment figures who provide guidance for the future. The mentoring is not effective for higher-SES adolescents. The results show that substituting lacking family support by other adults can help disadvantaged children at adolescent age.

     
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    hdl: 10419/232849
    Schriftenreihe: Discussion paper series / IZA ; no. 14097
    Schlagworte: mentoring; disadvantaged youths; adolescence; school performance; patience; social skills; labor-market orientation; field experiment
    Umfang: 1 Online-Ressource (circa 130 Seiten), Illustrationen
  13. Can mentoring alleviate family disadvantage in adolescence?
    a field experiment to improve labor-market prospects
    Autor*in: Resnjanskij, Sven; Ruhose, Jens; Wiederhold, Simon; Woessmann, Ludger
    Erschienen: [2021]
    Verlag:  Collaborative Research Center Transregio 190, Munich, Germany

    We study a mentoring program that aims to improve the labor-market prospects of school-attending adolescents from disadvantaged families by offering them a university-student mentor. Our RCT investigates program effectiveness on three outcome... mehr

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    We study a mentoring program that aims to improve the labor-market prospects of school-attending adolescents from disadvantaged families by offering them a university-student mentor. Our RCT investigates program effectiveness on three outcome dimensions that are highly predictive of adolescents´ later labor-market success: math grades, patience/social skills, and labor-market orientation. For low-SES adolescents, the one-to-one mentoring increases a combined index of the outcomes by half a standard deviation after one year, with significant increases in each dimension. Part of the treatment effect is mediated by establishing mentors as attachment figures who provide guidance for the future. The mentoring is not effective for higher-SES adolescents. The results show that substituting lacking family support by other adults can help disadvantaged children at adolescent age.

     
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    hdl: 10419/233500
    Schriftenreihe: Discussion paper / Rationality & Competition, CRC TRR 190 ; no. 277 (February 26, 2021)
    Schlagworte: mentoring; disadvantaged youths; adolescence; school performance; patience; social skills; labor-market orientation; field experiment
    Umfang: 1 Online-Ressource (circa 129 Seiten), Illustrationen
  14. Can mentoring alleviate family disadvantage in adolescence?
    a field experiment to improve labor-market prospects
    Autor*in: Resnjanskij, Sven; Ruhose, Jens; Wiederhold, Simon; Woessmann, Ludger
    Erschienen: February 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We study a mentoring program that aims to improve the labor-market prospects of school-attending adolescents from disadvantaged families by offering them a university-student mentor. Our RCT investigates program effectiveness on three outcome... mehr

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    We study a mentoring program that aims to improve the labor-market prospects of school-attending adolescents from disadvantaged families by offering them a university-student mentor. Our RCT investigates program effectiveness on three outcome dimensions that are highly predictive of adolescents’ later labor-market success: math grades, patience/social skills, and labor-market orientation. For low-SES adolescents, the one-to-one mentoring increases a combined index of the outcomes by half a standard deviation after one year, with significant increases in each dimension. Part of the treatment effect is mediated by establishing mentors as attachment figures who provide guidance for the future. The mentoring is not effective for higher-SES adolescents. The results show that substituting lacking family support by other adults can help disadvantaged children at adolescent age.

     
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    Weitere Identifier:
    hdl: 10419/232467
    Schriftenreihe: CESifo working paper ; no. 8870 (2021)
    Schlagworte: mentoring; disadvanted youths; adolescence; school performance; patience; social skills; labor-market orientation; field experiment
    Umfang: 1 Online-Ressource (circa 131 Seiten), Illustrationen
  15. The impact of growth on the transmission of patience
    Autor*in: Delli Gatti, Domenico; Grazzini, Jakob; Massaro, Domenico; Panebianco, Fabrizio
    Erschienen: July 2022
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural... mehr

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    Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural trait - patience - to their offspring. Our model shows that parental effort to educate children to patience positively depends on economic growth. We test empirically this result using both country-level and individual data and show that, coherently with the model's prediction, growth has a significant impact on the effort to teach patience.

     
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    hdl: 10419/263759
    Schriftenreihe: CESifo working paper ; no. 9829 (2022)
    Schlagworte: growth; patience; cultural transmission
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  16. Patience breeds interest: the rise of societal patience and the fall of the risk-free interest rate
    Autor*in: Stefanski, Radoslaw; Trew, Alex
    Erschienen: [2020]
    Verlag:  University of St Andrews, [St Andrews, Scotland, UK]

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    hdl: 10023/19445
    Schriftenreihe: School of Economics and Finance discussion paper ; no. 20, 02 (8 Feb 2020)
    Schlagworte: Heterogeneous agents; interest rates; patience; selection
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  17. Is patience malleable via educational intervention?
    evidence from field experiments
    Autor*in: Kaiser, Tim; Menkhoff, Lukas; Oberrauch, Luis
    Erschienen: November 2022
    Verlag:  CESifo, Munich, Germany

    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 positive but... mehr

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    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 positive but uncertain. The age of students explains a large share of between-study heterogeneity in treatment effects. Thus, we conduct a field experiment covering both youths and adults in Uganda. We find heterogenous effects by age: adults’ patience measured in incentivized tasks is unaffected by the intervention after 15 months follow-up, but we observe large effects on patience and estimated discount factors for youth.

     
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    hdl: 10419/267312
    Schriftenreihe: CESifo working papers ; 10080 (2022)
    Schlagworte: patience; time preferences; malleability; field experiment; educational intervention
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  18. Selection, patience, and the interest rate
    Autor*in: Stefanski, Radoslaw; Trew, Alex
    Erschienen: [2022]
    Verlag:  [Adam Smith Business School], [Glasgow]

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    Auflage/Ausgabe: Revised: July 14 2022
    Schriftenreihe: Working paper series / University of Glasgow, Adam Smith Business School ; paper no. 2022, 08 (July 2022)
    Schlagworte: Interest rates; selection; fertility; patience; heterogenous agents
    Umfang: 1 Online-Ressource (circa 110 Seiten), Illustrationen
  19. A field study of donor behaviour in the Iranian kidney market
    Autor*in: Moghaddasi Kelishomi, Ali; Sgroi, Daniel
    Erschienen: December 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Iran has the world's only government-regulated kidney market. We report the results of the first field study of donor behaviour in this unusual market. Participants have lower risk tolerance and higher patience levels than the Iranian average but... mehr

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    Iran has the world's only government-regulated kidney market. We report the results of the first field study of donor behaviour in this unusual market. Participants have lower risk tolerance and higher patience levels than the Iranian average but display no difference in rationality from population averages and there is evidence of altruism among participants. We provide an examination of decision-making in extreme situations by individuals in this market, typically at the very bottom of the income distribution, and shed light on the sort of people likely to participate if other nations were to operate such markets.

     
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    hdl: 10419/272433
    Schriftenreihe: Discussion paper series / IZA ; no. 15806
    Schlagworte: kidney donation; Iranian kidney market; risk; patience; rationality; altruism; generalized axiom of revealed preference; lab in the field
    Umfang: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  20. Selection, patience, and the interest rate
    Autor*in: Stefanski, Radoslaw; Trew, Alex
    Erschienen: [2023]
    Verlag:  [Adam Smith Business School], [Glasgow]

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    Schriftenreihe: Working paper series / University of Glasgow, Adam Smith Business School ; paper no. 2023, 01 (January 2023)
    Schlagworte: Interest rates; selection; fertility; patience; heterogenous agents
    Umfang: 1 Online-Ressource (circa 104 Seiten), Illustrationen
  21. Can patience account for subnational differences in student achievement?
    regional analysis with Facebook interests
    Autor*in: Hanushek, Eric Alan; Kinne, Lavinia; Sancassani, Pietro; Woessmann, Ludger
    Erschienen: September 2023
    Verlag:  CESifo, Munich, Germany

    Decisions to invest in human capital depend on people's time preferences. We show that differences in patience are closely related to substantial subnational differences in educational achievement, leading to new perspectives on longstanding... mehr

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    Decisions to invest in human capital depend on people's time preferences. We show that differences in patience are closely related to substantial subnational differences in educational achievement, leading to new perspectives on longstanding within-country disparities. We use social-media data - Facebook interests - to construct novel regional measures of patience within Italy and the United States. Patience is strongly positively associated with student achievement in both countries, accounting for two-thirds of the achievement variation across Italian regions and one-third across U.S. states. Results also hold for six other countries with more limited regional achievement data.

     
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    hdl: 10419/282348
    Schriftenreihe: CESifo working papers ; 10660 (2023)
    Schlagworte: patience; student achievement; regions; social media; Facebook
    Umfang: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  22. Can patience account for subnational differences in student achievement?
    regional analysis with Facebook interests
    Autor*in: Hanushek, Eric Alan; Kinne, Lavinia; Sancassani, Pietro; Woessmann, Ludger
    Erschienen: September 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Decisions to invest in human capital depend on people's time preferences. We show that differences in patience are closely related to substantial subnational differences in educational achievement, leading to new perspectives on longstanding... mehr

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    Decisions to invest in human capital depend on people's time preferences. We show that differences in patience are closely related to substantial subnational differences in educational achievement, leading to new perspectives on longstanding within-country disparities. We use social-media data - Facebook interests - to construct novel regional measures of patience within Italy and the United States. Patience is strongly positively associated with student achievement in both countries, accounting for two-thirds of the achievement variation across Italian regions and one-third across U.S. states. Results also hold for six other countries with more limited regional achievement data.

     
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    Weitere Identifier:
    hdl: 10419/282585
    Schriftenreihe: Discussion paper series / IZA ; no. 16458
    Schlagworte: patience; student achievement; regions; social media; Facebook
    Umfang: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  23. Have preferences become more similar worldwide?
    Autor*in: Kotschy, Rainer; Sunde, Uwe
    Erschienen: October 2023
    Verlag:  CESifo, Munich, Germany

    Recent evidence shows substantial heterogeneity in time, risk, and social preferences across and within populations; yet little is known about the dynamics of preference heterogeneity across generations. We apply a novel identification strategy based... mehr

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    Recent evidence shows substantial heterogeneity in time, risk, and social preferences across and within populations; yet little is known about the dynamics of preference heterogeneity across generations. We apply a novel identification strategy based on dyadic differences in preferences using representative data for 80,000 individuals from 76 countries. Our results document that, among more recent birth cohorts, preferences are more similar across countries and gender gaps in preferences are smaller within countries. This decline in preference heterogeneity across cohorts relates to country-specific differences in preference endowments, population composition, and socioeconomic conditions during formative years, and points at global cultural convergence.

     
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    hdl: 10419/282423
    Schriftenreihe: CESifo working papers ; 10735 (2023)
    Schlagworte: patience; willingness to take risks; trust; prosociality; cohort effects
    Umfang: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  24. Is patience malleable via educational intervention?
    evidence on the role of age in field experiments
    Autor*in: Kaiser, Tim; Menkhoff, Lukas; Oberrauch, Luis
    Erschienen: August 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    We study the age-dependent malleability of patience via educational interventions designed to foster financial decision-making capabilities and to induce a more future-oriented mindset. We conduct a field experiment covering both youths and adults in... mehr

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    We study the age-dependent malleability of patience via educational interventions designed to foster financial decision-making capabilities and to induce a more future-oriented mindset. We conduct a field experiment covering both youths and adults in Uganda and aggregate evidence from earlier experiments to study the generalizability of effects. In our field experiment, we find heterogenous effects by age: adults' patience and discount factors are unaffected by the intervention after 15 months follow-up, but we observe large effects on patience and estimated discount factors and field saving behavior for youth. In the meta-analysis, we find that the results are generalizable across contexts.

     
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    hdl: 10419/279097
    Schriftenreihe: Discussion paper series / IZA ; no. 16399
    Schlagworte: patience; time preferences; malleability; field experiment; educational intervention
    Umfang: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  25. Can patience account for subnational differences in student achievement?
    regional analysis with Facebook interests
    Autor*in: Hanushek, Eric Alan; Kinne, Lavinia; Sancassani, Pietro; Woessmann, Ludger
    Erschienen: [2023]
    Verlag:  Collaborative Research Center Transregio 190, [München]

    Decisions to invest in human capital depend on people’s time preferences. We show that differences in patience are closely related to substantial subnational differences in educational achievement, leading to new perspectives on longstanding... mehr

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    Decisions to invest in human capital depend on people’s time preferences. We show that differences in patience are closely related to substantial subnational differences in educational achievement, leading to new perspectives on longstanding within-country disparities. We use social-media data – Facebook interests – to construct novel regional measures of patience within Italy and the United States. Patience is strongly positively associated with student achievement in both countries, accounting for two-thirds of the achievement variation across Italian regions and one-third across U.S. states. Results also hold for six other countries with more limited regional achievement data.

     
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    hdl: 10419/282121
    Schriftenreihe: Discussion paper / Rationality & Competition, CRC TRR 190 ; no. 429 (September 18, 2023)
    Schlagworte: patience; student achievement; regions; social media; Facebook
    Umfang: 1 Online-Ressource (circa 62 Seiten), Illustrationen