Download This PaperThe Cost of Being Too Patient
19 Pages Posted: 28 Jan 2020
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The Cost of Being Too Patient
IZA Discussion Paper No. 12900
Number of pages: 19
Posted: 28 Jan 2020
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The Cost of Being Too Patient
NBER Working Paper No. w26677
Number of pages: 18
Posted: 22 Jan 2020
Last Revised: 24 May 2023
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The Cost of Being Too Patient
CEPR Discussion Paper No. DP14302
Number of pages: 19
Posted: 14 Jan 2020
Abstract
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.
Keywords: patience, happiness
JEL Classification: A10, D9, Z1
Suggested Citation: Suggested Citation
Giuliano, Paola and Sapienza, Paola, The Cost of Being Too Patient. IZA Discussion Paper No. 12900, Available at SSRN: https://ssrn.com/abstract=3525228 or http://dx.doi.org/10.2139/ssrn.3525228
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