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Parenting Values and the Intergenerational Transmission of Time Preferences

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  • Anne Ardila Brenøe

    (CEBI - Center for Economic Behavior and Inequality - UCPH - University of Copenhagen = Københavns Universitet, UZH - Universität Zürich [Zürich] = University of Zurich, IZA - Forschungsinstitut zur Zukunft der Arbeit - Institute of Labor Economics)

  • Thomas Epper

    (LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique, IÉSEG School Of Management [Puteaux], CEBI - Center for Economic Behavior and Inequality - UCPH - University of Copenhagen = Københavns Universitet)

Abstract

We study how parents transmit patience to their children with a focus on two theoretically important channels of socialization: parenting values and parental involvement. Using high-quality administrative and survey data, and a setting without reverse causality concerns, we document a substantial intergenerational transmission of patience. We show that parenting values represent a key channel of the transmission. Authoritative parents (high in control and warmth) do not transmit patience to their children, in contrast to authoritarian and permissive parents. Thus, the authoritative parenting style seems to counteract the transmission of impatience. While parental involvement does not appear to be a relevant channel at the aggregate level, we document important heterogeneity by parent gender.

Suggested Citation

  • Anne Ardila Brenøe & Thomas Epper, 2022. "Parenting Values and the Intergenerational Transmission of Time Preferences," Post-Print hal-03473435, HAL.
    • Handle: RePEc:hal:journl:hal-03473435
    DOI: 10.1016/j.euroecorev.2022.104208
    Note: View the original document on HAL open archive server: https://cnrs.hal.science/hal-03473435v2
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    Cited by:

    1. Chen, Yefeng & Yang, Wenyuan & Luo, Gansong & Luo, Jun, 2024. "Choosing tournament for children: Parenting style and information intervention," China Economic Review, Elsevier, vol. 85(C).
    2. Bobae Hong & Kichang Kim & Yuxin Su, 2024. "The Intergenerational Transmission of Risk Preferences: Evidence from Field Experiments in China and Korea," Journal of Family and Economic Issues, Springer, vol. 45(1), pages 151-173, March.
    3. Philippe Aghion & Ufuk Akcigit & Ari Hyytinen & Otto Toivanen, 2023. "2022 Klein Lecture Parental Education And Invention: The Finnish Enigma," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(2), pages 453-490, May.
    4. Praxmarer, Matthias & Rockenbach, Bettina & Sutter, Matthias, 2024. "Cooperation and norm enforcement differ strongly across adult generations," European Economic Review, Elsevier, vol. 162(C).
    5. Flavia Coda Moscarola & Daniela Del Boca & Giovanna Paladino, 2023. "Parents' Preferences, Parenting Styles and Children's Outcomes," Working Papers 2023-014, Human Capital and Economic Opportunity Working Group.
    6. Lena Detlefsen & Andreas Friedl & Katharina Lima Miranda & Ulrich Schmidt & Matthias Sutter, 2024. "Are economic preferences shaped by the family context? The relation of birth order and siblings’ gender composition to economic preferences," Journal of Risk and Uncertainty, Springer, vol. 69(1), pages 1-31, August.
    7. Samuel Luethi & Stefan C. Wolter, 2024. "When patience pays off - evidence on cultural determinants of post-compulsory education achievement," Economics of Education Working Paper Series 0226, University of Zurich, Department of Business Administration (IBW).
    8. Flavia Coda Moscarola & Daniela Del Boca & Giovanna Paladino, 2024. "Intergenerational Transmission of Preferences and Parental Behaviours," CESifo Working Paper Series 10902, CESifo.

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    More about this item

    Keywords

    Intergenerational transmission; time preferences; patience; parenting style; parenting values; parental involvement;
    All these keywords.

    JEL classification:

    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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