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Title:Intergenerational transmission of risk attitudes: A revealed preference approach PDF Logo
Authors:Leuermann, Andrea
Necker, Sarah
Issue Date:2011
Series/Report no.:Freiburger Diskussionspapiere zur Ordnungsökonomik 11/4
Abstract:This study investigates whether the willingness to take income risks revealed by occupational choice is transmitted from parents to their children. Using data from the German Socio-Economic Panel (SOEP), we find that fathers' riskiness of job is a significant determinant of children's occupational risk, in particular sons' (excluding parent-child pairs with identical occupations). This is the first piece of evidence for intergenerational transmission of risk attitudes relying on real world behavior. It shows that not only individuals' own assessments of their risk attitudes correlate across generations (found by previous studies) but also risk preferences shown in exactly the same situation.
Subjects:risk preferences
intergenerational transmission
occupational choice
JEL:D12
D81
J24
Document Type:Working Paper
Appears in Collections:Freiburger Diskussionspapiere zur Ordnungsökonomik, Universität Freiburg

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