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Patience Pays Off: n Epidemiological Approach to Understanding the Link Between Culture and Educational Attainment

Wallin, Julius LU (2024) NEKN01 20241
Department of Economics
Abstract
This paper investigates the impact of cultural differences, specifically time and risk preferences, on cross-country variations in higher education attainment. Employing individual-level data on educational attainment and migration background from the European Social Survey and aggregate-level measures of preferences from the Global Preferences Study, I investigate the relationship between national time and risk preferences and the probability of obtaining a bachelor's degree. To address potential endogeneity, I utilize the epidemiological approach by comparing the educational outcomes of second-generation immigrants. The empirical findings provide robust evidence of a positive correlation between patience and higher education attainment.... (More)
This paper investigates the impact of cultural differences, specifically time and risk preferences, on cross-country variations in higher education attainment. Employing individual-level data on educational attainment and migration background from the European Social Survey and aggregate-level measures of preferences from the Global Preferences Study, I investigate the relationship between national time and risk preferences and the probability of obtaining a bachelor's degree. To address potential endogeneity, I utilize the epidemiological approach by comparing the educational outcomes of second-generation immigrants. The empirical findings provide robust evidence of a positive correlation between patience and higher education attainment. These results show the potential of incorporating cultural dimensions into the analysis of educational disparities. (Less)
Please use this url to cite or link to this publication:
author
Wallin, Julius LU
supervisor
organization
course
NEKN01 20241
year
type
H1 - Master's Degree (One Year)
subject
keywords
educational attainment, cultural differences, time preference, risk preference, epidemiological approach
language
English
id
9174678
date added to LUP
2024-10-01 13:09:25
date last changed
2024-10-01 13:09:25
@misc{9174678,
  abstract     = {{This paper investigates the impact of cultural differences, specifically time and risk preferences, on cross-country variations in higher education attainment. Employing individual-level data on educational attainment and migration background from the European Social Survey and aggregate-level measures of preferences from the Global Preferences Study, I investigate the relationship between national time and risk preferences and the probability of obtaining a bachelor's degree. To address potential endogeneity, I utilize the epidemiological approach by comparing the educational outcomes of second-generation immigrants. The empirical findings provide robust evidence of a positive correlation between patience and higher education attainment. These results show the potential of incorporating cultural dimensions into the analysis of educational disparities.}},
  author       = {{Wallin, Julius}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Patience Pays Off: n Epidemiological Approach to Understanding the Link Between Culture and Educational Attainment}},
  year         = {{2024}},
}