Universität zu Köln

Chowdhury, Shyamal, Sutter, Matthias ORCID: 0000-0002-6143-8706 and Zimmermann, Klaus F. (2022). Economic Preferences across Generations and Family Clusters: A Large-Scale Experiment in a Developing Country. J. Polit. Econ., 130 (9). CHICAGO: UNIV CHICAGO PRESS. ISSN 1537-534X

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Abstract

Our large-scale experiment with 542 families from rural Bangladesh finds substantial intergenerational persistence of economic preferences. Both mothers' and fathers' risk, time, and social preferences are significantly (and largely to the same degree) positively correlated with their children's economic preferences, even when controlling for personality traits and socioeconomic background. We discuss possible transmission channels and are the first to classify all families into one of two clusters, with either relatively patient, risk-tolerant, and prosocial members or relatively impatient, risk averse, and spiteful members. Classifications correlate with socioeconomic background variables. We find that our results differ from evidence for rich countries.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Chowdhury, Shyamal UNSPECIFIED UNSPECIFIED UNSPECIFIED Sutter, Matthias UNSPECIFIED orcid.org/0000-0002-6143-8706 UNSPECIFIED Zimmermann, Klaus F. UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-681567
DOI:	10.1086/720395
Journal or Publication Title:	J. Polit. Econ.
Volume:	130
Number:	9
Date:	2022
Publisher:	UNIV CHICAGO PRESS
Place of Publication:	CHICAGO
ISSN:	1537-534X
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Center of Excellence C-SEB
Subjects:	Economics
Uncontrolled Keywords:	Keywords Language SOCIAL PREFERENCES; DECISION-MAKING; RISK ATTITUDES; IMPATIENCE; TRANSMISSION; BEHAVIOR; EGALITARIANISM; INTELLIGENCE; ADOLESCENTS; INCENTIVES Multiple languages Economics Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/68156