Discussion paper

DP14302 The cost of being too patient

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.


Giuliano, P and P Sapienza (2020), ‘DP14302 The cost of being too patient‘, CEPR Discussion Paper No. 14302. CEPR Press, Paris & London. https://cepr.org/publications/dp14302