Are Economic Preferences Shaped by the Family Context? The Impact of Birth Order and Siblings' Sex Composition on Economic Preferences

Arbeitspapier

The formation of economic preferences in childhood and adolescence has long-term consequences for life-time outcomes. We study in an experiment with 525 teenagers how both birth order and siblings’ sex composition affect risk, time and social preferences. We find that second born children are typically less patient, less risk averse, and more trusting. However, siblings’ sex composition interacts importantly with birth order effects. Second born children are more risk taking only with same-sex siblings. For trust and trustworthiness, birth order effects are larger with mixed-sex siblings than in the single-sex case. Only for patience, siblings’ sex composition does not matter.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CESifo Working Paper ; No. 7362

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Field Experiments ; Household Behavior: General ; Micro-Based Behavioral Economics: General‡ ; Marriage; Marital Dissolution; Family Structure; Domestic Abuse
• Thema: birth order ; siblings’ sex composition ; economic preferences ; experiment

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Detlefsen, Lena ; Friedl, Andreas ; Lima de Miranda, Katharina ; Schmidt, Ulrich ; Sutter, Matthias
• Ereignis: Veröffentlichung
• (wer): Center for Economic Studies and ifo Institute (CESifo)
• (wo): Munich
• (wann): 2018

Weitere Informationen

• Handle: http://hdl.handle.net/10419/191387
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ