The cost of being too patient

Produced by: 
National Bureau of Economic Research
Available from: 
January 2020
Paper author(s): 
Paola Giuliano
Paola Sapienza
Topic: 
Poverty - Inequality - Aid Effectiveness
Year: 
2020

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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Research section: 
Latest Research
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