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Parental Risk Attitudes and Children's Secondary School Track Choice

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Author Info

  • Guido Heineck
  • Oliver Wölfel

Abstract

It is well known that individuals¿ risk attitudes are related to behavioral outcomes such as smoking, portfolio decisions, and also educational attainment, but there is barely any evidence on whether parental risk attitudes affect the educational attainment of dependent children. We add to this literature and examine children¿s secondary school track choice in Germany where tracking occurs at age ten and has a strong binding character. Our results indicate no consistent patterns for paternal risk preferences but a strong negative impact of maternal risk aversion on children¿s enrollment in upper secondary school.

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File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.366338.de/diw_sp0344.pdf
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Bibliographic Info

Paper provided by DIW Berlin, The German Socio-Economic Panel (SOEP) in its series SOEPpapers on Multidisciplinary Panel Data Research with number 344.

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Length: 34 p.
Date of creation: 2010
Date of revision:
Handle: RePEc:diw:diwsop:diw_sp344

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Keywords: Educational choice; risk attitudes; SOEP;

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References

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  1. Lorraine Dearden & Steve Machin & Howard Reed, 1995. "Intergenerational mobility in Britain," IFS Working Papers W95/20, Institute for Fiscal Studies.
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  6. Christian Belzil & Marco Leonardi, 2006. "Can Risk Aversion Explain Schooling Attainments? Evidence From Italy," Working Papers 0607, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
  7. Guido Heineck & Regina T. Riphahn, 2007. "Intergenerational Transmission of Educational Attainment in Germany: The Last Five Decades," SOEPpapers on Multidisciplinary Panel Data Research 37, DIW Berlin, The German Socio-Economic Panel (SOEP).
  8. Marco Leonardi, 2007. "Do Parents Risk Aversion and Wealth Explalin Secondary School Choice?," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 66(2), pages 177-206, July.
  9. Bratberg, Espen & Nilsen, Øivind Anti & Vaage, Kjell, 2007. "Job Losses and Child Outcomes," IZA Discussion Papers 2895, Institute for the Study of Labor (IZA).
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  13. Christian Belzil, 2007. "Subjective Beliefs and Schooling Decisions," Working Papers 0717, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
  14. Kleinjans, Kristin J., 2010. "Family background and gender differences in educational expectations," Economics Letters, Elsevier, vol. 107(2), pages 125-127, May.
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  16. Gert G. Wagner & Joachim R. Frick & Jürgen Schupp, 2007. "The German Socio-Economic Panel Study (SOEP) – Scope, Evolution and Enhancements," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 127(1), pages 139-169.
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  19. Ermisch, John F & Francesconi, Marco, 1997. "Family Matters," CEPR Discussion Papers 1591, C.E.P.R. Discussion Papers.
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Cited by:
  1. Achatz, Juliane & Trappmann, Mark, 2011. "Arbeitsmarktvermittelte Abgänge aus der Grundsicherung : der Einfluss von personen- und haushaltsgebundenen Barrieren," IAB Discussion Paper 201102, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
  2. Schlitte, Friso, 2010. "Local human capital, segregation by skill, and skill-specific employment growth," HWWI Research Papers 1-32, Hamburg Institute of International Economics (HWWI).
  3. Hammermann, Andrea & Mohnen, Alwine, 2012. "Who Benefits from Benefits? Empirical Research on Tangible Incentives," IZA Discussion Papers 6284, Institute for the Study of Labor (IZA).

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