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

Detlefsen, Lena; Friedl, Andreas; Lima de Miranda, Katharina; Schmidt, Ulrich; Sutter, Matthias

Item

ITEM ACTIONSEXPORT

Add to Basket

Local TagsStatisticsRelease HistoryDetailsSummary

Released

Paper

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

MPS-Authors

/persons/resource/persons206813

Sutter, Matthias
Max Planck Institute for Research on Collective Goods, Max Planck Society;

External Ressource

http://www.coll.mpg.de/pdf_dat/2018_12online.pdf
(Any fulltext)

Fulltext (public)

There are no public fulltexts stored in PuRe

Supplementary Material (public)

There is no public supplementary material available

Citation

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.

Cite as: http://hdl.handle.net/21.11116/0000-0002-7576-6

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.