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Transmission of risk preferences from mothers to daughters

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. Green open access

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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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