Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/282423 
Year of Publication: 
2023
Series/Report no.: 
CESifo Working Paper No. 10735
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Recent evidence shows substantial heterogeneity in time, risk, and social preferences across and within populations; yet little is known about the dynamics of preference heterogeneity across generations. We apply a novel identification strategy based on dyadic differences in preferences using representative data for 80,000 individuals from 76 countries. Our results document that, among more recent birth cohorts, preferences are more similar across countries and gender gaps in preferences are smaller within countries. This decline in preference heterogeneity across cohorts relates to country-specific differences in preference endowments, population composition, and socioeconomic conditions during formative years, and points at global cultural convergence.
Subjects: 
patience
willingness to take risks
trust
prosociality
cohort effects
JEL: 
D01
J10
J11
Document Type: 
Working Paper
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