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Parenting with Style: Altruism and Paternalism in Intergenerational Preference Transmission

Fabrizio Zilibotti () and Matthias Doepke

No 343, 2014 Meeting Papers from Society for Economic Dynamics

Abstract: We construct a theory of intergenerational preference transmission that rationalizes the choice between alternative parenting styles (related to Baumrind 1967). Parents maximize an objective function that combines Beckerian and paternalistic altruism towards children. They can affect their children’s choices via two channels: either by influencing their preferences or by imposing direct restrictions on their choice sets. Different parenting styles (authoritarian, authoritative, and permissive) emerge as equilibrium outcomes, and are affected both by parental preferences and by the socioeconomic environment. We consider two applications: patience and risk aversion. We argue that parenting styles may be important for explaining why different groups or societies develop different attitudes towards human capital formation, entrepreneurship, and innovation.

Date: 2014
New Economics Papers: this item is included in nep-dem, nep-dge, nep-evo, nep-neu and nep-soc
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Related works:
Journal Article: Parenting With Style: Altruism and Paternalism in Intergenerational Preference Transmission (2017) Downloads
Working Paper: Parenting with Style: Altruism and Paternalism in Intergenerational Preference Transmission (2014) Downloads
Working Paper: Parenting with Style: Altruism and Paternalism in Intergenerational Preference Transmission (2014) Downloads
Working Paper: Parenting with Style: Altruism and Paternalism in Intergenerational Preference Transmission (2014) Downloads
Working Paper: Parenting with style: altruism and paternalism in intergenerational preference transmission (2014) Downloads
Working Paper: Parenting with Style: Altruism and Paternalism in Intergenerational Preference Transmission (2012) Downloads
Working Paper: Parenting with style: Altruism and paternalism in intergenerational preference transmission (2012) Downloads
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More papers in 2014 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
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