Education increases patience: Evidence from a change in a compulsory schooling law
利用土耳其1997年义务教育延长改革作为自然实验，发现教育使人做出更耐心的跨期选择，但并未改变其自我报告的耐心程度，且这一效应不通过财务状况变化起作用。
I investigate the causal effect of education on time preferences. To deal with the endogeneity of education, I exploit exogenous variation in education imposed by a Turkish school reform that raised compulsory education from five to eight years. I find that education causes individuals to make more patient inter-temporal choices but does not induce them to report being more patient. I also provide evidence that the effect of education on patient inter-temporal choices does not operate through changes in financial well-being. • Explored the causal effect of education on time preferences. • Used the change in the compulsory schooling law in Turkey in 1997 as a natural experiment. • Education causes individuals to make more patient inter-temporal choices but does not lead them to report being more patient. • The effect of education on patient inter-temporal choices does not operate through changes in financial well-being.