Intergenerational Transmission of Risk Preferences based on Gender and Education factors

Ioannou, Antria (2016) Intergenerational Transmission of Risk Preferences based on Gender and Education factors. [Dissertation (University of Nottingham only)]

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Abstract

The aim of this research is to examine the intergenerational transmission of risk preferences regarding gender and education factors, through an empirical approach. Information of Cypriot parents aged 30 and above and their children aged 17 to 26 regarding their risk attitudes was gathered using 212 questionnaires. Notably, children with one parent were included in the survey. Research's evidence relies on questions regarding risk preferences as they are considered to be an accurate measure for reliable and actual risk taking behaviors. The results of the investigation indicated strong and robust correlation among the risk preferences of parents and their offspring. Also, children appeared to be consistent and more strongly affected by their parents in terms of risk preferences with the same gender, namely fathers-sons and mothers-daughters whereas the risk attitudes between opposite gender, namely fathers-daughters and mothers-sons differed. Moreover, regardless the educational level (low or high) of parents and children, risk preferences are transmitted from one generation to another. Additionally, the risk preferences of participants regarding examples from lifecycle and hypothetical scenarios appeared to have a significant correlation.

Item Type: Dissertation (University of Nottingham only)
Depositing User: Ioannou, Andria
Date Deposited: 13 Mar 2017 15:11
Last Modified: 12 Oct 2017 14:11
URI: http://eprints.nottingham.ac.uk/id/eprint/36818

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