Publication: Transmission of risk preferences from mothers to daughters
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KU-Authors
KU Authors
Co-Authors
Alan, Şule
Boneva, Teodora
Crossley, Thomas F.
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NO
Journal Title
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Volume Title
Alternative Title
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.
Source
Publisher
Elsevier
Subject
Business and economics
Citation
Has Part
Source
Journal of Economic Behavior and Organization
Book Series Title
Edition
DOI
10.1016/j.jebo.2016.12.014