The Impact of Growth on the Transmission of Patience
CESifo, Munich, 2022
CESifo Working Paper No. 9829
![](https://cesifo.org/DocImg/cesifo1_wp9829.jpg?c=1689236885)
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.
Fiscal Policy, Macroeconomics and Growth
Behavioural Economics