TY  - RPRT
        AU  - Görlitz, Katja
AU  - Tamm, Marcus
        TI  - Parenthood and Risk Preferences
        PY  - 2015/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 8947
        UR  - https://www.iza.org/publications/dp8947
        AB  - This study analyzes how risk attitudes change when individuals become parents using longitudinal data for a large and representative sample of individuals. The results show that men and women experience a considerable increase in risk aversion which already starts as early as two years before becoming a parent, is largest shortly after giving birth and disappears when the child becomes older. These findings show that parenthood leads to considerable changes in individual risk attitudes over time. Thus, analyses using risk preferences as the explanatory variable for economic outcomes should be careful in interpreting the findings as causal effects.
        KW  - risk preferences
KW  - preference stability
KW  - parenthood
KW  - children
KW  - risk aversion
KW  - gender differences
        ER  -