VoxTalks Economics cover image

VoxTalks Economics

S7 Ep9: Can parents teach patience?

Feb 16, 2024
Researcher Daniela Del Boca discusses how parents influence their children's patience, work ethic, and saving habits. The podcast delves into the intergenerational transfer of these traits in Italian families and their impact on the economy. Insights on the correlation between parental patience levels, financial awareness, and children's behaviors are explored, highlighting the importance of early childhood development and parent-child interactions.
15:36

Podcast summary created with Snipd AI

Quick takeaways

  • Parents' traits like patience, conscientiousness, and saving habits influence children's economic behaviors.
  • Open communication and sharing financial information with children can improve their patience and financial habits.

Deep dives

Importance of Patience, Propensity to Save, and Conscientiousness

Being patient enables individuals to make rational economic decisions and invest for the future, while the propensity to save influences saving behavior, and conscientiousness impacts work quality and productivity. Countries with populations demonstrating these traits tend to experience economic growth due to increased productivity.

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