The patience of economists
Over four years since release of the working paper (and two and half years since I posted about it), Henrik Cronqvist and Stephan Siegel’s paper The Origin of Savings Behaviorhas been published in the Journal of Political Economy (follow the working paper link for an ungated copy). The abstract is as follows:
Analyzing the savings behavior of a large sample of identical and fraternal twins, we find that genetic differences explain about 33 percent of the variation in savings propensities across individuals.