@techreport{f626934f526c4f0991243c57c66a570e,
title = "Time preferences and lifetime outcomes",
abstract = "This paper investigates the relationship between time preferences and lifetime social and economic behavior. We use a Swedish longitudinal dataset that links information from a large survey on children{\textquoteright}s time preferences at age 13 to administrative registers spanning over four decades. Our results indicate a substantial adverse relationship between high discount rates and school performance, health, labor supply, and lifetime income. Males and high ability children gain significantly more from being future-oriented. These discrepancies are largest regarding outcomes later in life. We also show that the relationship between time preferences and long-run outcomes operates through early human capital investments.",
author = "B.H.H. Golsteyn and H. Gr{\"o}nqvist and L. Lindahl",
year = "2013",
month = jan,
day = "1",
doi = "10.26481/umagsb.2013065",
language = "English",
series = "GSBE Research Memoranda",
publisher = "Maastricht University, Graduate School of Business and Economics",
number = "065",
address = "Netherlands",
type = "WorkingPaper",
institution = "Maastricht University, Graduate School of Business and Economics",
}