Parental Risk Attitudes and Children's Secondary School Track Choice

Guido Heineck and Oliver Wölfel ()
Additional contact information
Oliver Wölfel: Institute for Employment Research (IAB), Nuremberg

No 5197, IZA Discussion Papers from Institute of Labor Economics (IZA)

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.

Keywords: risk attitudes; educational choice; SOEP (search for similar items in EconPapers)
JEL-codes: I21 J24 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2010-09
New Economics Papers: this item is included in nep-cbe, nep-edu, nep-lab, nep-neu, nep-upt and nep-ure
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Published - revised version published in: Economics of Education Review, 2012, 31 (5), 727–743

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https://docs.iza.org/dp5197.pdf (application/pdf)

Related works:
Journal Article: Parental risk attitudes and children's secondary school track choice (2012)
Working Paper: Parental Risk Attitudes and Children's Secondary School Track Choice (2010)
Working Paper: Parental risk attitudes and children's secondary school track choice (2010)
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