Parental socialisation effort and the intergenerational transmission of risk preferences

Arbeitspapier

We study the transmission of risk attititudes in a unique survey of mothers and children in which both participated in an incentivised risk preference elicitation task. We document that risk preferences are correlated between mothers and children when the children are just 7 to 8 years old. This correlation is only present for daughters. We show that a measure of parental involvement is a strong moderator of the association between mothers' and daughers' risk tolerance. These findings support a role for socialisation in the intergenerational transmission of preferences that predict economic behaviour.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IFS Working Papers ; No. W13/12

Classification and Topics

• Classification: Wirtschaft ; Field Experiments ; Economics of Gender; Non-labor Discrimination
• Subject: risk preferences ; intergenerational transmission ; children's economic decisions ; field experiements ; Kinder ; Risikopräferenz ; Generationengerechtigkeit ; Sozialisation ; Eltern ; Test

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Alan, Sule ; Baydar, Nazli ; Boneva, Teodora ; Crossley, Thomas F. ; Ertac, Seda
• Event: Veröffentlichung
• (who): Institute for Fiscal Studies (IFS)
• (where): London
• (when): 2013

Further information

• DOI: doi:10.1920/wp.ifs.2013.1312
• Handle: http://hdl.handle.net/10419/91573
• Last update: 10.03.2025, 11:43 AM CET