Alan, S;
Baydar, N;
Boneva, T;
Crossley, TF;
Ertac, S;
(2017)
Transmission of risk preferences from mothers to daughters.
Journal of Economic Behavior and Organization
, 134
pp. 60-77.
10.1016/j.jebo.2016.12.014.
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Abstract
We study the transmission of risk attitudes in a unique survey of mothers and children in which both participated in an incentivized risk preference elicitation task. We document that risk preferences are correlated between mothers and children when the children are just 7–8 years old. This correlation is only present for daughters. We further show that a measure of maternal involvement is a strong moderator of the association between mothers’ and daughters’ risk tolerance. This is consistent with a role for socialization and parental investment in the intergenerational transmission of risk preferences.
| Type: | Article |
|---|---|
| Title: | Transmission of risk preferences from mothers to daughters |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/j.jebo.2016.12.014 |
| Publisher version: | http://dx.doi.org/10.1016/j.jebo.2016.12.014 |
| Language: | English |
| Additional information: | Copyright © 2016 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). |
| Keywords: | Risk preferences; Intergenerational transmission; Children's economic decisions; Field experiments |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1538822 |
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