Discussion Paper Details

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Title: The cost of being too patient

Author(s): Paola Giuliano and Paola Sapienza

Publication Date: January 2020

Keyword(s): Happiness and Patience

Programme Area(s): Labour Economics

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.

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Bibliographic Reference

Giuliano, P and Sapienza, P. 2020. 'The cost of being too patient'. London, Centre for Economic Policy Research.