This website uses cookies.

By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device to enhance site navigation and analyze site performance and traffic. For more information on our use of cookies, please see our Privacy Policy.

  1. Home
  2. Journals
  3. AEA Papers and Proceedings
  4. May 2020
  5. The Cost of Being Too Patient

The Cost of Being Too Patient

  • Paola Giuliano
  • Paola Sapienza
AEA Papers and Proceedings
vol. 110, May 2020
(pp. 314-18)
Download Full Text PDF

Abstract

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: there exists an optimal amount of patience that maximizes happiness. Beyond this optimal level, higher levels of patience have a negative impact on well-being.

Citation

Giuliano, Paola, and Paola Sapienza. 2020. "The Cost of Being Too Patient." AEA Papers and Proceedings, 110: 314-18. DOI: 10.1257/pandp.20201070

Additional Materials

JEL Classification

  • I31 General Welfare; Well-Being