全球智库信息集成服务系统(G2TT): DP14998 Economic preferences across generations and family clusters: A large-scale experiment

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP14998
	DP14998 Economic preferences across generations and family clusters: A large-scale experiment
	Shyamal Chowdhury; Matthias Sutter; Klaus F. Zimmermann
发表日期	2020-07-06
出版年	2020
语种	英语
摘要	Economic preferences are important for lifetime outcomes such as educational achievements, health status, or labor market success. We present a holistic view of how economic preferences are related within families. In an experiment with 544 families (and 1,999 individuals) from rural Bangladesh we find a large degree of intergenerational persistence of economic preferences. Both mothers’ and fathers’ risk, time and social preferences are significantly (and largely to the same degree) positively correlated with their children’s economic preferences, even when controlling for personality traits and socio-economic background data. We discuss possible transmission channels for these relationships within families and find indications that there is more than pure genetics at work. Moving beyond an individual level analysis, we are the first to classify a whole family into one of two clusters, with either relatively patient, risk-tolerant and pro-social members or relatively impatient, risk averse and spiteful members. Socio-economic background variables correlate with the cluster to which a family belongs to.
主题	Labour Economics
关键词	Economic preferences within families Intergenerational transmission of preferences Time preferences Risk preferences Social preferences Family clusters Socio-economic status Bangladesh Experiment
URL	https://cepr.org/publications/dp14998
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/543946
推荐引用方式 GB/T 7714	Shyamal Chowdhury,Matthias Sutter,Klaus F. Zimmermann. DP14998 Economic preferences across generations and family clusters: A large-scale experiment. 2020.