The early childhood determinants of time preferences

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dc.contributor.author Delaney, Liam
dc.contributor.author Doyle, Orla
dc.date.accessioned 2009-06-23T14:33:42Z
dc.date.available 2009-06-23T14:33:42Z
dc.date.copyright 2008 Geary Institute en
dc.date.issued 2008-12-15
dc.identifier.uri http://hdl.handle.net/10197/1213
dc.description.abstract Research on time preference formation and socioeconomic differences in discounting has received little attention to date. This article examines the extent to which early childhood differences emerge in measures of hyperactivity, impulsivity and persistence, all of which are good psychometric analogues to how economists conceptualise discounting. We examine the distribution of these traits measured at age three across parental social class and analyse the extent to which different mechanism plausibly generate the observed social class distribution. In addition, we control for a wide ranging of potentially mediating factors including parental investment and proxies for maternal time preferences. Our results show substantial social class variations across all measures. We find only weak evidence that this relates to differential maternal time preferences (e.g. savings behaviour, abstaining from smoking) but relatively stronger evidence that these traits are transmitted through the parents own non-cognitive skill set (self-esteem, attachment etc.) and parental time investments (e.g. time spent reading to the child and teaching the child to write, sing etc.). en
dc.format.extent 139040 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. Geary Institute en
dc.relation.ispartofseries UCD Geary Institute Discussion Paper Series en
dc.relation.ispartofseries WP/34/2008 en
dc.subject.lcsh Child development en
dc.subject.lcsh Children--Social conditions en
dc.subject.lcsh Parent and child en
dc.title The early childhood determinants of time preferences en
dc.type Working Paper en
dc.internal.authorurl Liam Delaney (web page) en
dc.internal.authorurl http://www.ucd.ie/research/people/gearyinstitute/mrliamdelaney/home/ en
dc.internal.authorurl Orla Doyle (web page) en
dc.internal.authorurl http://www.ucd.ie/research/people/gearyinstitute/drorladoyle/ en
dc.internal.authorid UCD0004 en
dc.internal.authorid UCD0007 en
dc.internal.availability Full text available en
dc.internal.webversions Publisher's version en
dc.internal.webversions http://geary.ucd.ie/images/Publications/WorkingPapers/gearywp200834.pdf en
dc.status Not peer reviewed en
dc.neeo.contributor Delaney|Liam|aut|UCD0004
dc.neeo.contributor Doyle|Orla|aut|UCD0007


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