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

47 Pages Posted: 17 Dec 2018

See all articles by Matthias Sutter

Matthias Sutter

Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Research on Collective Goods; University of Cologne - Department of Economics

Claudia Zoller

University of Cologne

Daniela Rützler

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 hasexploded 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.

Keywords: competitiveness, risk preferences, timepreferences, social preferences, survey, experiment, children, gender, age

JEL Classification: C91, D01

Suggested Citation

Sutter, Matthias and Zoller, Claudia and Rützler, Daniela, Economic Behavior of Children and Adolescents - a First Survey of Experimental Economics Results. IZA Discussion Paper No. 11947. Available at SSRN: https://ssrn.com/abstract=3301698

Matthias Sutter (Contact Author)

Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Research on Collective Goods ( email )

Kurt-Schumacher-Str. 10
D-53113 Bonn, 53113
Germany

University of Cologne - Department of Economics

Cologne, 50923
Germany

Claudia Zoller

University of Cologne

Albertus-Magnus-Platz
Cologne, 50923
Germany

Daniela Rützler

University of Innsbruck ( email )

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