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Transmission of risk preferences from mothers to daughters

Alan, S and Baydar, N and Boneva, T and Crossley, TF and Ertac, S (2017) 'Transmission of risk preferences from mothers to daughters.' Journal of Economic Behavior and Organization, 134. 60 - 77. ISSN 0167-2681

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Abstract

© 2016 The Authors 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 7–8 years old. This correlation is only present for daughters. We further show that a measure of maternal involvement is a strong moderator of the association between mothers’ and daughters’ risk tolerance. This is consistent with a role for socialization and parental investment in the intergenerational transmission of risk preferences.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HQ The family. Marriage. Women
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 04 Jan 2017 09:59
Last Modified: 17 Aug 2017 17:20
URI: http://repository.essex.ac.uk/id/eprint/18739

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