Titelaufnahme

Titel
Are economic preferences shaped by the family context? The impact of birth order and siblings' sex composition on economic preferences / Lena Detlefsen (University of Kiel and Kiel Institute for the World Economy), Andreas Friedl (Friedrich-Alexander University Erlangen-Nürnberg), Katharina Lima de Miranda (Kiel Institute for the World Economy), Ulrich Schmidt (University of Kiel, University of Johannesburg and Kiel Institute for the World Economy), Matthias Sutter (Max Planck Institute for Research on Collective Goods, University of Cologne, University of Innsbruck and IZA) ; IZA Institute of Labor Economics
VerfasserDetlefsen, Lena ; Friedl, Andreas ; Lima de Miranda, Katharina ; Schmidt, Ulrich ; Sutter, Matthias
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, November 2018
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (48 Seiten) : Illustrationen, Diagramme
SerieDiscussion paper ; no. 11949
URNurn:nbn:de:hbz:5:2-172626 
Zugriffsbeschränkung
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Are economic preferences shaped by the family context? The impact of birth order and siblings' sex composition on economic preferences [0.93 mb]
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Zusammenfassung (Englisch)

The formation of economic preferences in childhood and adolescence has long-term consequences for life-time outcomes. We study in an experiment with 525 teenagers how both birth order and siblings' sex composition affect risk, time and social preferences. We find that second born children are typically less patient, less risk averse, and more trusting. However, siblings' sex composition interacts importantly with birth order effects. Second born children are more risk taking only with same-sex siblings. For trust and trustworthiness, birth order effects are larger with mixed-sex siblings than in the single-sex case. Only for patience, siblings' sex composition does not matter.