Are economic preferences shaped by the family context? The relation of birth order and siblings’ gender composition to economic preferences
Lena Detlefsen,
Andreas Friedl,
Katharina Lima de Miranda
et al.
Abstract:The formation of economic preferences in childhood and adolescence has long-term consequences for life outcomes. We study in an experiment how both birth order and siblings’ gender composition are related to risk, time, and social preferences. We find that second-born children are typically less patient, more risk-tolerant, and more trusting. However, siblings’ gender composition interacts importantly with birth order effects. Second-born children are more risk-taking only with same-gender siblings. In mixed-g… Show more
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