Keith Chen, TED-Feb 2013, Could Your Language Affect Your Ability to Save Money?

Does the future look like a different world to you, or more like an extension of the present?

In an intriguing piece of research, Keith Chen suggests that your attitude about the future has a strong relationship to the language you speak.

In a nutshell, some languages refer to the future using verb helpers like "will" and "shall," while others don't have specific verbs to refer to future actions.

Chen correlated these two different language types with remarkably different rates of saving for the future (guess who saves more?). He calls this connection the "futurity" of languages.

The paper was published by the American Economic Review (Vol. 103  No. 2, April 2013), and it's already generated discussion.

Chen says: "While the data I analyze don’t allow me to completely understand what role language plays in these relationships, they suggest that there is something really remarkable to be explained about the interaction of language and economic decision-making. These correlations are so strong and survive such an aggressive set of controls, that the chances they arise by random lies somewhere between one in 10,000 and one in 10^32."