Parental Risk Attitudes and Children's Academic Test Scores: Evidence from the US Panel Study of Income Dynamics

24 Pages Posted: 6 Jan 2012

See all articles by Sarah Brown

Sarah Brown

University of Sheffield - Department of Economics; IZA Institute of Labor Economics

Aurora Ortiz‐Nuñez

Lancaster University

Karl Taylor

University of Sheffield - Department of Economics

Date Written: February 2012

Abstract

Using a sequence of questions from the 1996 US Panel Study of Income Dynamics (PSID), we explore the implications of interpersonal differences in parent's attitudes towards risk for the academic test scores of their children focusing on information drawn from the 1997 Child Development Supplement of the PSID. In addition, we explore whether parental risk preference influences whether the child subsequently attends college. Our findings suggest that a parent's degree of risk aversion is inversely related to the academic test scores of their children as well as being inversely related to the probability of attending college post high school.

Suggested Citation

Brown, Sarah and Ortiz‐Nuñez, Aurora and Taylor, Karl B., Parental Risk Attitudes and Children's Academic Test Scores: Evidence from the US Panel Study of Income Dynamics (February 2012). Scottish Journal of Political Economy, Vol. 59, No. 1, February 2012. Available at SSRN: https://ssrn.com/abstract=1980566 or http://dx.doi.org/10.1111/j.1467-9485.2011.00568.x

Sarah Brown

University of Sheffield - Department of Economics

9 Mappin Street
Sheffield, S1 4DT
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Aurora Ortiz‐Nuñez

Lancaster University

Karl B. Taylor

University of Sheffield - Department of Economics ( email )

9 Mappin Street
Sheffield, S1 4DT
United Kingdom

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