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: Discussion Paper ; No. 249
- 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 Alan
Kinne, Lavinia
Lergetporer, Philipp
Woessmann, Ludger
- Ereignis
-
Veröffentlichung
- (wer)
-
Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition
- (wo)
-
München und Berlin
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hanushek, Eric Alan
- Kinne, Lavinia
- Lergetporer, Philipp
- Woessmann, Ludger
- Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition
Entstanden
- 2020
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