Parental paternalism and patience
Autor: | Kiessling, L., Chowdhury, S., Schildberg-Hörisch, H., Sutter, M. |
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Jazyk: | angličtina |
Rok vydání: | 2021 |
Předmět: |
C90 - General
O12 D15 - Intertemporal Household Choice Life Cycle Models and Saving J13 J24 Convex time budgets D64 - Altruism Philanthropy Intergenerational Transfers Intergenerational transmission Parenting styles Present bias Parental paternalism Time preferences O12 - Microeconomic Analyses of Economic Development Experiment D1 - Household Behavior and Family Economics D1 C90 ddc:330 D91 J13 - Fertility Family Planning Child Care Children Youth J24 - Human Capital Skills Occupational Choice Labor Productivity D64 D10 |
Popis: | We study whether and how parents interfere paternalistically in their children’s intertemporal decision-making. Based on experiments with over 2,000 members of 610 families, we find that parents anticipate their children’s present bias and aim to mitigate it. Usinga novel method to measure parental interference, we show that more than half of all parents are willing to pay money to override their children’s choices. Parental interference predicts more intensive parenting styles and a lower intergenerational transmission of patience. The latter is driven by interfering parents not transmitting their own present bias, but molding their children’s preferences towards more time-consistent choices. |
Databáze: | OpenAIRE |
Externí odkaz: |
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