Does Education Affect Time Preference?

Social Interventions, Health, and Well-Being

“…29 We contribute to the literature on the non-pecuniary effects of improving education by providing evidence from a lower middle income country. Our results are consistent with evidence from Bharati et al (2016), who find that INPRES increased patience in adulthood. Theoretically and empirically, more patience is associated with better health investments (Fuchs, 1980), and the effects of INPRES on time preferences constitute a potential mechanism for our findings on long-term health.…”

“…7 Other recent papers that use the INPRES project include: Ashraf et al (2018) who study bride price and female education; Bharati et al (2016) who analyze impacts on adult time preferences; Bharati et al (2018) who examine whether INPRES mitigates the effects of weather shocks; and Karachiwalla and Palloni (2019) who examine the impacts on agriculture.…”

“…1 Like the earlier studies, we exploit variation in the rollout of INPRES across Indonesian districts. This enables us to utilize two sources of variation: 1) geographic variation from the intensity of primary schools built across districts; and 2) cohort variation by comparing individuals who were of primary school age or younger to those who were older than primary school age 1 Other recent papers that use the INPRES project include: Ashraf et al (2018) who study bride price and female education; Bharati et al (2016) who analyze program impacts on adult time preferences; Bharati et al (2018) who examine whether INPRES mitigates the effects of adverse weather shocks; and Karachiwalla and Palloni (2019) who examine the impacts on participation in agriculture.…”