Risk preferences and sibling sex composition

Vegard Sjurseike Wiborg

Applied Economics Letters, 2023, vol. 30, issue 9, 1228-1234

Abstract: This article presents evidence on the malleability of preferences over monetary risk of men and women in the context of the family. I focus on sibling sex composition by estimating the causal effect of having a younger brother compared to a sister on the risk attitudes of the first-born child. Results show that women with a younger brother are significantly less risk averse than women with younger sisters. The effect wears off as the age difference increases. The sex of the second-born has a similar but smaller effect on men’s preferences, however, the effect is not statistically significant. The findings provide new causal evidence on how risk preferences are shaped by social environmental factors.

Date: 2023
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DOI: 10.1080/13504851.2022.2042464

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