The today and tomorrow of kids: Time preferences and educational outcomes of children

@article{Castillo2011TheTA,
  title={The today and tomorrow of kids: Time preferences and educational outcomes of children},
  author={M. Castillo and P. Ferraro and J. Jordan and Ragan Petrie},
  journal={Journal of Public Economics},
  year={2011},
  volume={95},
  pages={1377-1385}
}
We experimentally investigate the distribution of children's time preferences along gender and racial lines. We find that boys are more impatient than girls and black children are more impatient than white children. Black boys have the highest discount rates of all groups. Most importantly, we show that impatience has a direct correlation with behavior that is predictive of economic success. An increase of one standard deviation in the discount rate is associated with an increase in the number… Expand
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