Intergenerational transmission of risk attitudes in Burkina Faso

Mohammad Sepahvand () and Roujman Shahbazian ()
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Roujman Shahbazian: University of Munich (LMU)

Empirical Economics, 2021, vol. 61, issue 1, No 20, 503-527

Abstract: Abstract Previous research shows that transmission of attitudes in the family is gendered. However, there are limited findings about intergenerational transmission of risk attitudes and whether it is gendered. This study replicates the findings by Dohmen et al. (Rev Econ Stud 79(2):645–677) for Germany by using quantitative data from Burkina Faso in 2014 to analyze three different self-reported risk questions. Our results show a strong intergenerational transmission of attitudes from parents to children in which positive assortative mating strengthens the parents’ transmission of attitudes to her child. Mothers’ transmissions are stronger for their daughters than sons. For fathers, the pattern is inverted. Our findings also show the existence of heterogeneity in intergenerational transmission within a male- and female-dominated risk domain. This supports the gender-specific role model hypothesis. Furthermore, we find support for the transmission of attitudes from the local environment to the child, but the strength and significance of this transmission decrease when controlling for parents’ attitudes.

Keywords: Risk attitudes; Intergenerational transmission; Socialization; Gender; Burkina Faso (search for similar items in EconPapers)
JEL-codes: D81 J6 Z1 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s00181-020-01857-9

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