DP14302 The cost of being too patient
|Author(s):||Paola Giuliano, Paola Sapienza|
|Publication Date:||January 2020|
|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.