Working Paper Series, Department of Economics, Uppsala University
Intergenerational Transmission of Risk Attitudes: The Role of Gender, Parents and Grandparents in Burkina Faso
() and Roujman Shahbazian
Abstract: This study investigates the intergenerational transmission
of risk attitudes for three risk domains in Burkina Faso. First, our
results shows a strong transmission of attitudes from parents to children.
Although, estimates from intergenerational transmission of risk attitudes
in developing countries should not be compared directly with those from
developed countries, our results goes in the same direction as previous
literature from Germany. That is risk attitudes are transmitted from;
parents to children, local enviorment to children and positive assortative
mating of parents strengthens the parents’ transmission of attitudes to her
child. Second we analyze three generations of risk attitude transmission.
Our results indicates that it exist a transmission of risk attitudes from
grandparents to their grandchildren. The strength and significance of this
socialization decreases when we control for parents risk attitudes. Third,
since there are strong gender roles in Burkina Faso, we test if mothers and
fathers transmission of risk attitudes on their daughter is the same as on
their son. We find that mother’s transmission of risk attitudes is stronger
on their daughters than sons. For fathers the pattern is reverse. However,
our findings show that it exist a heterogenity in the transmission of risk
attitudes in male and female dominated risk domains. This gives support for
the gender-specific role model hypothesis in terms of risk attitudes.
Keywords: risk attitudes; inter and multigenerational transmission; socialization; Burkina Faso; (follow links to similar papers)
JEL-Codes: D81; (follow links to similar papers)
56 pages, November 20, 2017
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