The Cost of Being Too Patient

We study the cost of being too patient on happiness. We find that the relationship between patience and various measures of subjective well-being is hump- shaped: it exists an optimal amount of patience that maximizes happiness. Beyond this optimal level, higher levels of patience have a negative impact on well-being.

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Year of publication:	2020
Authors:	Giuliano, Paola ; Sapienza, Paola
Publisher:	Bonn : Institute of Labor Economics (IZA)
Subject:	patience \| happiness

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Series:	IZA Discussion Papers ; 12900
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1689691050 [GVK] hdl:10419/215296 [Handle] RePEc:iza:izadps:dp12900 [RePEc]
Classification:	A10 - General Economics. General ; D9 - Intertemporal Choice and Growth ; Z1 - Cultural Economics
Source:	EconStor

Persistent link: https://www.econbiz.de/10012180093