Are Economic Values Transmitted from Parents to Children?

Marco Cipriani and Olivier Jeanne
Authors registered in the RePEc Author Service: Paola Giuliano

No 20140106, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Economic research shows that differences in cultural traits and values—for example, trust, or the propensity to cooperate and not free-ride on others—are important determinants of economic outcomes, such as growth, economic and financial development, and international trade. It’s much less clear, however, where these differences in economic-relevant values come from. While economists generally assume that they’re transmitted from parents to children, the empirical evidence to this effect is almost nonexistent.

Keywords: economic values; Public goods game (search for similar items in EconPapers)
JEL-codes: J00 (search for similar items in EconPapers)
Date: 2014-01-06
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