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Economic Behavior of Children and Adolescents - A First Survey of Experimental Economics Results

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  • Sutter, Matthias

    () (Max Planck Institute for Research on Collective Goods)

  • Zoller, Claudia

    () (Management Center Innsbruck)

  • Glätzle-Rützler, Daniela

    () (University of Innsbruck)

Abstract

About 15 years ago, economic experiments with children and adolescents were considered as an extravagant niche of economic research. Since then, this type of research has exploded in scope and depth. It has become clear that studying the development of economic behavior and its determinants is important to understand economic behavior of adults and to provide a basis for potential policy interventions with respect to economic behavior in childhood and adolescence. Given the huge increase of papers, we provide the first overview of economic experiments with children and adolescents. We focus on the following aspects: rationality of choices, risk preferences, time preferences, social preferences, cooperation, and competitiveness. All of these aspects are analyzed with respect to the influence of age and gender, and we also consider the role of socio-economic status or interventions.

Suggested Citation

  • Sutter, Matthias & Zoller, Claudia & Glätzle-Rützler, Daniela, 2018. "Economic Behavior of Children and Adolescents - A First Survey of Experimental Economics Results," IZA Discussion Papers 11947, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izadps:dp11947
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    2. Heckman, James J. & Jagelka, Tomáš & Kautz, Tim, 2019. "Some Contributions of Economics to the Study of Personality," IZA Discussion Papers 12753, Institute of Labor Economics (IZA).
    3. Horn, Dániel & Kiss, Hubert Janos & Lénárd, Tünde, 2020. "Economic preferences in the classroom - research documentation," MPRA Paper 100815, University Library of Munich, Germany.
    4. Chowdhury, Shyamal & Sutter, Matthias & Zimmermann, Klaus F, 2020. "Economic preferences across generations and family clusters: A large-scale experiment," CEPR Discussion Papers 14998, C.E.P.R. Discussion Papers.
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    6. Andreoni, James & Di Girolamo, Amalia & List, John A. & Mackevicius, Claire & Samek, Anya, 2020. "Risk preferences of children and adolescents in relation to gender, cognitive skills, soft skills, and executive functions," Journal of Economic Behavior & Organization, Elsevier, vol. 179(C), pages 729-742.
    7. Maggioni, Mario A. & Rossignoli, Domenico, 2020. "Clever little lies: Math performance and cheating in primary schools in Congo," Journal of Economic Behavior & Organization, Elsevier, vol. 172(C), pages 380-400.
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    9. Nikoloz Kudashvili & Philipp Lergetporer, 2019. "Do Minorities Misrepresent Their Ethnicity to Avoid Discrimination?," CESifo Working Paper Series 7861, CESifo.
    10. Bach, Maximilian & Fischer, Mira, 2020. "Understanding the Response to High-Stakes Incentives in Primary Education," IZA Discussion Papers 13845, Institute of Labor Economics (IZA).
    11. Nikoloz Kudashvili & Philipp Lergetporer, 2019. "Do Minorities Misrepresent Their Ethnicity to Avoid Discrimination?," CESifo Working Paper Series 7861, CESifo.
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    13. Valentino Dardanone & Carla Guerriero, 2019. "Children's Willingness to Pay for Environmental Protection," CSEF Working Papers 550, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
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    17. Brocas, Isabelle & Carrillo, Juan D., 2021. "Young children use commodities as an indirect medium of exchange," Games and Economic Behavior, Elsevier, vol. 125(C), pages 48-61.
    18. Kirchberger, Martina, 2020. "Intra-household allocation of time and money across siblings," Journal of Economic Behavior & Organization, Elsevier, vol. 179(C), pages 361-377.
    19. Brocas, Isabelle & Carrillo, Juan D., 2020. "The evolution of choice and learning in the two-person beauty contest game from kindergarten to adulthood," Games and Economic Behavior, Elsevier, vol. 120(C), pages 132-143.
    20. Faralla, Valeria & Novarese, Marco & Di Giovinazzo, Viviana, 2021. "Replication: Framing effects in intertemporal choice with children," Journal of Economic Psychology, Elsevier, vol. 82(C).
    21. Despoina Alempaki & Genyue Fu & Jingcheng Fu, 2021. "Lying and social norms: a lab-in-the-field experiment with children," Discussion Papers 2021-01, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.

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    More about this item

    Keywords

    competitiveness; risk preferences; time preferences; social preferences; survey; experiment; children; gender; age;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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