Author(s)

Paola Giuliano

Paola Sapienza

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: it exists an optimal amount of patience that maximizes happiness. Beyond this optimal level, higher levels of patience have a negative impact on well-being.
Date Published: 2020
Citations: Giuliano, Paola, Paola Sapienza. 2020. The Cost of Being too Patient. American Economic Review. 314-18.