Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/296077 
Year of Publication: 
2024
Series/Report no.: 
CESifo Working Paper No. 10988
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We use novel data on nearly 6,000 children and adolescents aged 6 to 16 that combine incen-tivized measures of social, time, and risk preferences with rich information on child behavior and family environment to study whether children's economic preferences predict their behavior. Re-sults from standard regression specifications demonstrate the predictive power of children's pref-erences for their prosociality, educational achievement, risky behaviors, emotional health, and behavioral problems. In a second step, we add information on a family's socio-economic status, family structure, religion, parental preferences and IQ, and parenting style to capture household environment. As a result, the predictive power of preferences for behavior attenuates. We discuss implications of our findings for research on the formation of children's preferences and behavior.
Subjects: 
social preferences
time preferences
risk preferences
experiments with children
origins of preferences
human capital
behavior
JEL: 
C91
D01
Document Type: 
Working Paper
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