Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324992 
Year of Publication: 
2025
Series/Report no.: 
CESifo Working Paper No. 12001
Publisher: 
CESifo GmbH, Munich
Abstract: 
We investigate how strongly the local environment beyond the family can contribute to understanding the formation of children's economic preferences. Building on precise geolocation data for around 6.000 children, we use fixed effects, spatial autoregressive models and Kriging to capture the relation between the local environment and children's preferences. The spatial models explain a considerable part of so far unexplained variation in preferences. Moreover, the "spatial stability" of preferences exceeds the village level. Our results highlight the importance of the local environment for the formation of children's preferences, which we quantify to be as large as that of parental preferences.
Subjects: 
skill formation
spatial models
kriging
local environment
patience
risk attitudes
prosociality
experiments with children
Bangladesh
JEL: 
D01
C21
C99
Document Type: 
Working Paper
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