Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108630
Authors: 
Alan, Sule
Baydar, Nazli
Boneva, Teodora
Crossley, Thomas F.
Ertac, Seda
Year of Publication: 
2013
Series/Report no.: 
Koç University-TÜSİAD Economic Research Forum Working Paper Series 1313
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 to 8 years old. This correlation is only present for daughters. We show that a measure of parental involvement is a strong moderator of the association between mothers' and daughters' risk tolerance. These findings support a role for socialization in the intergenerational transmission of preferences that predict economic behaviour.
Subjects: 
risk preferences
intergenerational transmission
children's economic decisions
field experiments
JEL: 
C93
J16
D03
Document Type: 
Working Paper

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