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Transmission of risk preferences from mothers to daughters

Abstract:
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.
Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1016/j.jebo.2016.12.014

Authors


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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Oxford college:
Hertford College
Role:
Author


Publisher:
Elsevier
Journal:
Journal of Economic Behavior and Organization More from this journal
Volume:
134
Pages:
60-77
Publication date:
2016-12-21
Acceptance date:
2016-12-16
DOI:
ISSN:
0167-2681


Language:
English
Keywords:
Pubs id:
pubs:933658
UUID:
uuid:1353e27d-1ce0-4c17-be5d-a42b5d24d3d6
Local pid:
pubs:933658
Source identifiers:
933658
Deposit date:
2019-03-05

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