Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth …, coherently with the model's prediction, growth has a significant impact on the effort to teach patience. … influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural …

This paper examines the national savings behaviour in the process of economic growth through a comparative analysis of … 'virtuous circle' between growth and savings, with growth initiating the savings transition. No evidence to suggest that a prior … phase of promoting savings through specific policy initiatives is needed to initiate the process of growth and structural …

We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal …

utility. We empirically find that asset returns correlate negatively with many individuals' low-quantile consumption growth …. This new model explains both the low covariance between consumption growth and stock returns and a high equity premium …