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Transmission of risk preferences from mothers to daughters

Alan, Sule and Baydar, Nazli and Boneva, Teodora and Crossley, Thomas F and Ertac, Seda (2017) 'Transmission of risk preferences from mothers to daughters.' Journal of Economic Behavior and Organization, 134. pp. 60-77. ISSN 0167-2681

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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
Uncontrolled Keywords: Risk preferences; Intergenerational transmission; Children's economic decisions; Field experiments
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HQ The family. Marriage. Women
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 04 Jan 2017 09:59
Last Modified: 18 Aug 2022 11:19

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