The Baking of Preferences throughout the High School

Antonio Alfonso, Pablo Brañas-Garza, Diego Jorrat, Benjamín Prissé and María José Vázquez-De Francisco
Additional contact information
Antonio Alfonso: LoyolaBehLab/Universidad Loyola Andalucía
Diego Jorrat: LoyolaBehLab/Universidad Loyola Andalucía
Benjamín Prissé: Singapore University of Technology and Design
María José Vázquez-De Francisco: Fundación ETEA-Development Institute/Universidad Loyola Andalucía

No 316, Working Papers from Red Nacional de Investigadores en Economía (RedNIE)

Abstract: The purpose of this study is to examine whether girls and boys exhibit different risk and timepreferences and how this difference evolves during the critical phase of adolescence. To achievethis, we use a large and powered sample of 4830 non-self-selected teenagers from 207 classesacross 22 Spanish schools with very different socioeconomic backgrounds. Alongside time andrisk preferences, we also collected additional information about class attributes, social networkmeasures, students’ characteristics, and the average level of economic preferences of friends.These measures enable us to account for potentially omitted variables that were not consideredin previous studies. The results indicate that there are no significant gender differences intime and risk preferences, but older subjects exhibit more sophisticated time preferences andhigher risk aversion. We also perform an exploratory heterogeneity analysis, which unveils twoimportant results: first, cognitive abilities play a critical role in the development of time andrisk preferences; second, interaction within the class social network does matter.

Keywords: Developmental Decision-Making; Field Experiment; Economic Preferences; Teenagers. (search for similar items in EconPapers)
JEL-codes: C91 D81 (search for similar items in EconPapers)
Pages: 57 pages
Date: 2024-04
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-ltv, nep-sea and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:aoz:wpaper:316

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