| dc.description.abstract | We study how gender, birth order, and number of siblings are related to stated time and risk
preferences and to real-life decisions. We use survey data covering about 2,300 individuals
and find that time and risk preferences are significantly correlated among women but not
among men. We also find that stated time and risk preferences have clear explanatory power
for real-life decisions, but in different ways for men and women. Moreover, risk preferences
have stronger explanatory power for males than for females, whose decisions are more related
to birth order and number of siblings. For example, the often claimed result that first-borns are
more likely to have higher education is found among women only, while risk aversion and
patience can explain part of men´s corresponding choice. | en |
