The Effect of Education on Patience

Research on Monday Seminar

Thomas Dohmen

Monday 29 Nov 2021, 12:00 - 13:00


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Thomas Dohmen, who will be presenting: "The Effect of Education on Patiencejoint with Radost Holler and Uwe Sunde.

We provide evidence on the effect of education on patience from the analysis of 49 compulsory schooling reforms in 48 countries around the globe. To this end, we combine data from the Global Preferences Survey (GPS) on patience of respondents living in these countries with data that we constructed based on available information on compulsory schooling laws that were implemented between 1947 and 2003 in the countries covered by the GPS. Using within country variation in compulsory years of schooling we find that being subject to a compulsory schooling reform increases patience by approximately 0.09 standard deviations. Assuming that the reforms satisfy the exclusion restriction, we then estimate the causal relationship between years of education and patience. We find that an additional year of education induced by the reforms increases schooling by more than 0.1 standard deviations. However, the effect is not homogeneous across reforms. The effect is almost exclusively driven by reforms that target a higher level of secondary education.

Thomas Dohmen

Thomas is an outstanding scholar, former research director at IZA and currently active as professor of applied microeconomics at the University of Bonn. His work is (among others) related to topics in behavioral economics, experimental economics and applied microeconometrics, which has been published in journals such as the RESTUD, QJE and AER.

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Some information about seminar/bilateral registration and instructions:

  • Your microphone will be on mute upon joining the meeting, please leave it like that and unmute it only if you want to ask a question.
  • Asking questions: please just go ahead and ask questions in the “usual way” (i.e. do not use the chat unless you want to notify me/host of any problem related to seminar.)
  • Also use the registration form to sign up for a bilateral on Monday or Tuesday afternoon (by Thursday 25 November at the latest).
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Department of Economics

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