Arbeitspapier

Culture and Student Achievement: The Intertwined Roles of Patience and Risk-Taking

Patience and risk-taking – two cultural traits that steer intertemporal decision-making – are fundamental to human capital investment decisions. To understand how they contribute to international differences in student achievement, we combine PISA tests with the Global Preference Survey. We find that opposing effects of patience (positive) and risk-taking (negative) together account for two-thirds of the cross-country variation in student achievement. In an identification strategy addressing unobserved residence-country features, we find similar results when assigning migrant students their country-of-origin cultural traits in models with residence-country fixed effects. Associations of culture with family and school inputs suggest that both may act as channels.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 13453

Klassifikation
Wirtschaft
Analysis of Education
Cultural Economics; Economic Sociology; Economic Anthropology: General
Thema
culture
patience
risk-taking
preferences
intertemporal decision-making
international student achievement
PISA

Ereignis
Geistige Schöpfung
(wer)
Hanushek, Eric A.
Kinne, Lavinia
Lergetporer, Philipp
Woessmann, Ludger
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2020

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Hanushek, Eric A.
  • Kinne, Lavinia
  • Lergetporer, Philipp
  • Woessmann, Ludger
  • Institute of Labor Economics (IZA)

Entstanden

  • 2020

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