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Time preference, illness and death.
Abstract: This presentation investigates the predictive power of time preferences on the risk of early mortality and illness in adulthood. Using a unique cohort of 12,956 individuals born in 1953, interviewed in 1966 and followed with register data up to 2018, it finds that patient adolescents are less likely to die before age 65. The coefficient size is approximately one-sixth to one-fifth of the total mortality by age 65. Patient adolescents have on average 0.6 fewer hospitalizations and 1.5 fewer diagnoses in their adult life and are less likely to be diagnosed with conditions associated with lifestyle risk factors. Patient adolescents are also more in favour of health-promoting interests and rules. The main investigated channel for the relationship between time preference and future health is lifestyle. Other suggested channels are the mother’s time preferences, and the adolescent’s education attainment and future income. Adding education and income reduces the coefficient of time preference on early mortality by 25%.
- Speaker
- Lisa Norrgren, PhD student in Economics, University of Gothenburg
- Hosted by
- Professor Marjon van der Pol
- Venue
- MS Teams
- Contact
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Contact Lesley Innes for a registration link.