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The intergenerational transmission of risk attitudes: Evidence from Burkina Faso

  • François-Charles WolffEmail author
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Abstract

This paper investigates the intergenerational transmission of risk attitudes in the context of a low income country with a focus on rural–urban and gender differences. Our empirical analysis is based on a household survey completed in Burkina Faso in 2014 which asks family members about their willingness to take risk in various domains. We find a positive correlation between parental and child risk attitudes, which is higher for risk in driving and risk in general than for risk in finance. For risk in driving and risk in general, the parent-child correlation is lower in rural area than in urban area. Also, we evidence gender-specific effects of parental risk attitudes. The intergenerational correlation in risk attitudes is higher for daughters than for sons, the father–daughter correlation is lower than the father–son correlation and the mother–daughter correlation is higher than the mother–son correlation.

Keywords

Risk attitudes Intergenerational transmission Rural–urban location Gender Burkina Faso 

JEL classification

D10 D81 J16 

Notes

Acknowledgements

I would like to thank two anonymous reviewers and the co-editor, Charles Yuji Horioka, for their very helpful comments and suggestions on previous drafts. Any remaining errors are mine.

Compliance with ethical standards

Conflict of interest

The authors declare that they have no conflict of interest.

Supplementary material

11150_2019_9445_MOESM1_ESM.docx (40 kb)
Supplementary Information.

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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.LEMNAUniversité de NantesNantes CedexFrance
  2. 2.INEDParisFrance

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