Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/77521
Authors: 
Doepke, Matthias
Zilibotti, Fabrizio
Year of Publication: 
2012
Series/Report no.: 
Working Paper Series, Department of Economics, University of Zurich 104
Abstract: 
We construct a theory of intergenerational preference transmission that rationalizes the choice between alternative parenting styles (related to Baumrind 1967). Parents maximize an objective function that combines Beckerian and paternalistic altruism towards children. They can affect their children's choices via two channels: either by influencing their preferences or by imposing direct restrictions on their choice sets. Different parenting styles (authoritarian, authoritative, and permissive) emerge as equilibrium outcomes, and are affected both by parental preferences and by the socioeconomic environment. We consider two applications: patience and risk aversion. We argue that parenting styles may be important for explaining why different groups or societies develop different attitudes towards human capital formation, entrepreneurship, and innovation.
Subjects: 
Intergenerational Preference Transmission
Altruism
Paternalism
Entrepreneurship
Innovation
JEL: 
D10
J10
O10
O40
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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