Highlighted in the Economist
In a working progress paper, David Åkerlund, Hans Grönqvist and Lena Lindahl from Stockholm University together with Bart Golsteyn of Maastricht University, were recently highligted in the Economist. The study examine the link between time preferences and criminal behaviour.
They studied 13,000 children aged 13, with a follow-up 18 years later. The teenagers were asked whether they would prefer to receive $140 now or wait five years to receive $1,400 instead. The majority said they were prepared to wait.
However, those teenagers who wanted money directly were more likely to be involved in criminal behaviour later in life compared to those children who were willing to wait.
The authors stated that this does not mean that a person’s criminal path is set already in young ages, because when the respondents’ education was adjusted for, it was found that higher educational attainment was linked to a preference for delayed gratification. Read more
Åkerlund, D. Golsteyn, B H.H. Grönqvist, H & Lindahl, L. (2014). ”Time Preferences and Criminal Behavior”. IZA DP No. 8168
December 11, 2014
Page editor: Jannike Kjellström
Source: Centre for Health Equity Studies (CHESS)
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