Do individuals with children value the future more?

Horn, Dániel ORCID: and Kiss, Hubert János ORCID: (2022) Do individuals with children value the future more? Society and Economy, 44 (3). pp. 295-309. DOI

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In recent years public and political debate suggested that individuals with children value the future more. We attempt to substantiate the debate, and we use a representative survey to investigate if the number of children (or simply having children) is indeed associated with a higher valuation of the future, which we proxy with an aspect of time preferences, patience. We find that, in general, there is no correlation between having children and patience, though for young women with below-median income there is some weak evidence in line with the conjecture. We also show some evidence that it is not having children that matters, but marital status. More precisely, single women are less patient than other, non-single women.

Item Type:Article
Uncontrolled Keywords:children, patience, time preferences
JEL classification:D91 - Intertemporal Household Choice; Life Cycle Models and Saving
J13 - Fertility; Family Planning; Child Care; Children; Youth
Divisions:Institute of Economics
Subjects:Social welfare, insurance, health care
Funders:Spanish Ministry of Economy, Industry and Competitiveness, Hungarian Academy of Sciences
Projects:ECO2017-82449-P, NKFIH K 124396, Momentum Grant No. LP2021-2
ID Code:7604
Deposited By: Ádám Hoffmann
Deposited On:09 Sep 2022 10:32
Last Modified:22 Sep 2022 07:31

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