Arbeitspapier
Longevity and patience
Why does patience vary across individuals and countries? We provide evidence on a widely-hypothesized mechanism, namely that higher longevity fosters patience. Using data on patience for 80,000 individuals in 76 countries, this paper relates exogenous variation in longevity across gender-age-country cells to variation in patience. We find that a ten-year increase in life expectancy implies a 5-percentage point higher discount factor. This relationship emerges for various sub-samples and is unaffected by other determinants including lifetime experiences regarding economic development, institutional quality, or violence. We provide a model to discuss the implications for the emergence of poverty traps.
- Sprache
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Englisch
- Erschienen in
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Series: Discussion Paper ; No. 201
- Klassifikation
-
Wirtschaft
Household Behavior: General
Demographic Economics: General
Economic Development: General
- Thema
-
Time Preferences
Mortality
Poverty Traps
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Falk, Armin
Hermle, Johannes
Sunde, Uwe
- Ereignis
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Veröffentlichung
- (wer)
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Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition
- (wo)
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München und Berlin
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Falk, Armin
- Hermle, Johannes
- Sunde, Uwe
- Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition
Entstanden
- 2019