Intergenerational Transmission of Time Preferences: An Evidence from Rural Thailand
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 children are more likely to have patient caregivers. 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 is stronger correlated with child time preferences than grandmother’s.