S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
IFAU - Institute for Evaluation of Labour Market and Education Policy Working Paper Series
IFAU - Institute for Evaluation of Labour Market and Education Policy

No 2013:22:
Time preferences and lifetime outcomes

Bart Golsteyn (), Hans Grönqvist () and Lena Lindahl ()

Abstract: This paper investigates the relationship between time preferences and lifetime social and economic behavior. We use a Swedish longitudinal dataset that links information from a large survey on children’s time preferences at age 13 to administrative registers spanning over four decades. Our results indicate a substantial adverse relationship between high discount rates and school performance, health, labor supply, and lifetime income. Males and high ability children gain significantly more from being future-oriented. These discrepancies are largest regarding outcomes later in life. We also show that the relationship between time preferences and long-run outcomes operates through early human capital investments.

Keywords: Intertemporal choice; personality; preference parameter; human capital; income; health; (follow links to similar papers)

JEL-Codes: D03; D91; J01; (follow links to similar papers)

33 pages, October 4, 2013

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

wp2013-22-Time-preferences-and-lifetime-outcomes.pdf    PDF-file
Download Statistics
This paper is published as:
Golsteyn, Bart, Hans Grönqvist and Lena Lindahl, (2014), 'Adolescent Time Preferences Predict Lifetime Outcomes', The Economic Journal, Vol. 124, November, No. 580, pages 739-761



Questions (including download problems) about the papers in this series should be directed to Monica Fällgren ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:ifauwp:2013_022 This page was generated on 2016-01-24 15:55:02