Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298283 
Year of Publication: 
2022
Series/Report no.: 
Working Paper No. 116
Publisher: 
Università Cattolica del Sacro Cuore, Dipartimento di Economia e Finanza (DISCE), Milano
Abstract: 
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.
Subjects: 
Growth
Patience
Cultural transmission
JEL: 
D15
D91
E21
O47
Document Type: 
Working Paper

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