2013-06-01, English, Article, Journal or magazine article edition: Patience cycles.(Author abstract) Barnett, Richard C.; Bhattacharya, Joydeep; Puhakka, Mikko

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Physical Description
  • Author abstract
  • Magazine/​Journal article
Published
  • Verlag J.C.B. Mohr (Germany), 2013 June
Language
  • English

Edition details

Title
  • Patience cycles.(Author abstract)
Also Titled
  • Patience cycles.
Appears In
  • Journal of Institutional &​ Theoretical Economics, v.169, no.2, 2013 June, p.339(16) (ISSN: 0932-4569)
Author
  • Barnett, Richard C.
  • Bhattacharya, Joydeep
  • Puhakka, Mikko
Published
  • Verlag J.C.B. Mohr (Germany), 2013 June
Physical Description
  • Author abstract
  • Magazine/​Journal article
Subjects
Target Audience
  • Academic
Summary
  • Evidence supports the notion that those who grow up to be patient do better than those who do not. Parents can inculcate the virtue of delayed gratification in their children by taking the right actions. We study a model in which parents, for selfish reasons, invest resources to raise patient children. In the model, patience raises the marginal return to human capital acquisition, giving the patient young an incentive to spend more on their own education at the expense of investment in their own progeny's patience. This dynamic generates intergenerational patience cycles. (JEL: E2, J24) DOI: 10.1628/​093245613X13620416111281
Terms of Use
  • COPYRIGHT 2013 Verlag J.C.B. Mohr (Germany)
Language
  • English
Database
  • Gale General OneFile
  • Gale Academic OneFile
Identifier
  • 342467648

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