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  Are economic preferences shaped by the family context? The impact of birth order and siblings’ sex composition on economic preferences

Detlefsen, L., Friedl, A., Lima de Miranda, K., Schmidt, U., & Sutter, M. (2018). Are economic preferences shaped by the family context? The impact of birth order and siblings’ sex composition on economic preferences.

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Item Permalink: http://hdl.handle.net/21.11116/0000-0002-7576-6 Version Permalink: http://hdl.handle.net/21.11116/0000-0002-FF17-6
Genre: Paper

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 Creators:
Detlefsen, Lena, Author
Friedl, Andreas, Author
Lima de Miranda, Katharina, Author
Schmidt, Ulrich, Author
Sutter, Matthias1, Author              
Affiliations:
1Max Planck Institute for Research on Collective Goods, Max Planck Society, ou_2173688              

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Free keywords: Birth order, siblings’ sex composition, economic preferences, experiment
 JEL: C93 - Field Experiments
 JEL: D10 - General
 JEL: D90 - General
 JEL: J12 - Marriage; Marital Dissolution; Family Structure; Domestic Abuse
 Abstract: The formation of economic preferences in childhood and adolescence has long-term consequences for life-time outcomes. We study in an experiment with 525 teenagers how both birth order and siblings’ sex composition affect risk, time and social preferences. We find that second born children are typically less patient, less risk averse, and more trusting. However, siblings’ sex composition interacts importantly with birth order effects. Second born children are more risk taking only with same-sex siblings. For trust and trustworthiness, birth order effects are larger with mixed-sex siblings than in the single-sex case. Only for patience, siblings’ sex composition does not matter.

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 Dates: 2018
 Publication Status: Published online
 Pages: -
 Publishing info: Bonn : Max Planck Institute for Research on Collective Goods
 Table of Contents: -
 Rev. Type: -
 Identifiers: Other: 2018/12
 Degree: -

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