DP14302 The cost of being too patient

Author(s): Paola Giuliano, Paola Sapienza
Publication Date: January 2020
Keyword(s): Happiness, Patience
JEL(s): A10, D9, Z1
Programme Areas: Labour Economics
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=14302

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.