Intergenerational Transmission of Time Preferences: An Evidence from Rural Thailand

Authors:
Weerachart Kilenthong, Suparee Boonmanunt, Sartja Duangchaiyoosook, Wasinee Jantorn and Varunee Khruapradit

Abstract:
This study investigates the association between child and caregiver time preferences in rural Thailand. We find that caregiver discount factor is positively correlated to a child’s ability to delay gratification, indicating that patient caregivers are more likely to have patient children. This correlation exists regardless of whether the caregiver is a biological parent or not. However, some evidence suggests genetic contribution in intergenerational transmission of time preferences: this correlation is stronger when both biological parents live at home than when none is present, and mother’s time preferences are stronger correlated with child time preferences than grandmother’s.

Method:

Study investigates

 Journal:

สถาบันวิจัยเศรษฐกิจป๋วย อึ๊งภากรณ์ PUEY UNGPHAKORN INSTITUTE FOR ECONOMIC RESEARCH

Year: May 2022 / Discussion Paper No. 178

Link for more information: https://www.pier.or.th/files/dp/pier_dp_178.pdf