Parenthood and Risk Preferences
Copyright policy )Parenthood and Risk Preferences
This study analyzes how risk attitudes change when individuals become parents using longitudinal data for a large and representative sample of individuals. The results show that men and women experience a considerable increase in risk aversion which already starts as early as two years before becoming a parent, is largest shortly after giving birth and disappears when the child becomes older. These findings show that parenthood leads to considerable changes in individual risk attitudes over time. Thus, analyses using risk preferences as the explanatory variable for economic outcomes should be careful in interpreting the findings as causal effects.
- Freie Universität Berlin Germany
- Leibniz Association Germany
- RWI – Leibniz Institute for Economic Research Germany
- Institute for the Study of Labor Germany
parenthood, 300 Sozialwissenschaften::370 Bildung und Erziehung, J16, risk aversion,risk preferences,preference stability,parenthood,children,gender differences, ddc:330, 300 Sozialwissenschaften, preference stability, J13, risk aversion, Risk aversion, Risk aversion; risk preferences; preference stability; parenthood; children; gender differences, risk preferences, D81, D1, children, gender differences, risk aversion, risk preferences, preference stability, parenthood, children, gender differences, Risk aversion, risk preferences, preference stability, parenthood, children, gender differences, 300 Sozialwissenschaften::330 Wirtschaft, jel: jel:D81, jel: jel:J13, jel: jel:D1, jel: jel:J16
parenthood, 300 Sozialwissenschaften::370 Bildung und Erziehung, J16, risk aversion,risk preferences,preference stability,parenthood,children,gender differences, ddc:330, 300 Sozialwissenschaften, preference stability, J13, risk aversion, Risk aversion, Risk aversion; risk preferences; preference stability; parenthood; children; gender differences, risk preferences, D81, D1, children, gender differences, risk aversion, risk preferences, preference stability, parenthood, children, gender differences, Risk aversion, risk preferences, preference stability, parenthood, children, gender differences, 300 Sozialwissenschaften::330 Wirtschaft, jel: jel:D81, jel: jel:J13, jel: jel:D1, jel: jel:J16
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