Patience and long-run growth

Hübner, Malte; Vannoorenberghe, Gonzague

doi:10.1016/j.econlet.2015.10.011

Cited by 27 publications

(24 citation statements)

References 16 publications

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“…poor). This result is consistent with the recent finding of Hübner and Vannoorenberghe () whereby increasing patience by one standard deviation raises per‐capita income by between 34 and 78 percent.…”

Section: Introductionsupporting

confidence: 93%

“…Consequently, households with a lower time preference eventually own more capital, compared to those households with a higher time preference. Recently, Hübner and Vannoorenberghe (2015) have shown that increasing patience by one standard deviation raises per capita income by between 34 and 78 percent. Given that leisure is a normal good, this also implies that households with a lower time preference not only own more wealth but also enjoy more leisure.…”

Section: Proposition 2 (Time Preference and Distribution)mentioning

confidence: 99%

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Progressive Tax and Inequality in a Unionized Economy*

Huang

Chang

Hung

2019

Scandinavian J Economics

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In this paper, we develop a heterogeneous‐agent, endogenous growth model of a unionized economy with distinct progressive tax schedules on labor and capital income. With time preference heterogeneity, the effective labor force, balanced growth, and income inequality are endogenously determined, and these interact with each other. A reduction in the degree of progressive labor tax yields a “double‐dividend” in terms of reducing income inequality and boosting economic growth, while capital income progressivity displays the usual growth–inequality trade‐off. Particularly, the double‐dividend effect becomes more pronounced when unionization is declined or trade unions become more wage‐oriented, leading to the so‐called “Cheshire cat” phenomenon.

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Section: Introductionsupporting

confidence: 93%

Section: Proposition 2 (Time Preference and Distribution)mentioning

confidence: 99%

Progressive Tax and Inequality in a Unionized Economy*

Huang

Chang

Hung

2019

Scandinavian J Economics

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“…Some studies focus on future‐time reference which is argued to have an effect on speaker's intertemporal choices, on long‐term orientation, on economic performance and on corporate decisions. For instance, Hubner and Vannoorenberghe (2015a) explore whether patience, proxied by measures of time discounting and long‐term orientation, is a determinant of economic outcomes. Using weak FTR as an instrument, the authors provide evidence for a positive association between patience and output per worker, total factor productivity, innovation and capital stock.…”

Section: Literaturementioning

confidence: 99%

Long‐term vision and economic development

Kodila‐Tedika

Khalifa

2020

World Economy

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This paper examines the effect on economic development of whether a country's policymakers adopt a long‐term vision. We use a novel institutional variable that indicates whether policymakers have a long‐term strategic vision. However, the difficulty in estimating a causal effect is that long‐term vision is endogenous to economic development. Therefore, we use the future‐time reference language variables introduced in American Economic Review, 103, 690; 2013 as instrumental variables for long‐term vision. To account for endogeneity, the paper conducts two‐stage least‐squares estimations where the language instruments are used in the first stage to find an exogenous source of variation in long‐term vision. The results show that long‐term vision, instrumented by future‐time reference, explains cross‐country variations in economic development. These results are robust even after the inclusion of control variables and after the exclusion of outliers.

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“…Individu yang mempunyai sabar sama halnya mereka mampu mengendalikan diri mereka terutama dalam keadaan yang tidak stabil (Alan & Ertac, 2015). Selain dari pada itu sikap ini juga mampu meningkatkan potensi usia hidup pada individu karena berkaitan dengan sistem dalam tubuh yang teratur dan cenderung membuat organ-organ menjadi terkendali (Hübner & Vannoorenberghe, 2015).…”

Section: Coping Strategy Metode Campuran Kesabaranunclassified

Perumusan dan Pengujian Instrumen Alat Ukur Kesabaran Sebagai Bentuk Coping Strategy

Ramdani

Supriyatin

Susanti

2018

JPIB

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The problem that is difficult to solve can cause stress on the individual. However, individuals have a form of self-control when faced with problem called coping strategy. Coping with stress is a form of an individual's ability to deal with the stress that arises and how a positive respons can change a bad situation to be more comfortable. Islam has already provided teaching about handling problems, one of them is patience. The purpose of this study is to explore, formulate, describe and analyze patience as a coping strategy for Psychology students. Sequential methods approach is used to answer this problem. The results of the literature study show that patience is more similar to emotion focus coping. At grounded theory, it creates a special model regarding the subject's view of patience which focuses on rational thinking, self acceptance, self control, and effort. The descriptive analysis shows that the patience construct that provided reliable evidence on descriptive SPSS statistics.

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Patience and long-run growth

Cited by 27 publications

References 16 publications

Progressive Tax and Inequality in a Unionized Economy*

Progressive Tax and Inequality in a Unionized Economy*

Long‐term vision and economic development

Perumusan dan Pengujian Instrumen Alat Ukur Kesabaran Sebagai Bentuk Coping Strategy

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