Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/91573
Authors: 
Alan, Sule
Baydar, Nazli
Boneva, Teodora
Crossley, Thomas F.
Ertac, Seda
Year of Publication: 
2013
Series/Report no.: 
IFS Working Papers W13/12
Abstract: 
We study the transmission of risk attititudes in a unique survey of mothers and children in which both participated in an incentivised 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 daughers' risk tolerance. These findings support a role for socialisation in the intergenerational transmission of preferences that predict economic behaviour.
Subjects: 
risk preferences
intergenerational transmission
children's economic decisions
field experiements
JEL: 
C93
J16
D03
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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