Sibling correlation in risk attitudes: evidence from Burkina Faso
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Sibling correlation in risk attitudes: evidence from Burkina Faso Mohammad H. Sepahvand 1,2
& Roujman Shahbazian
3,4
Received: 9 February 2019 / Accepted: 21 September 2020/ # The Author(s) 2020
Abstract
This study uses sibling correlation to provide novel descriptive evidence of parental and household characteristics on three different risk domains collected in a nationally representative survey from Burkina Faso. The sibling correlations are between 0.51 and 0.83. The correlations are higher in the general risk domain compared to risk taking in financial matters and traffic. Moreover, the sibling correlation is higher for sisters than brothers. We also explore which factors might drive these correlations; parents’ risk attitudes appears to play a role in explaining these correlations, whereas socioeconomic outcomes, family structure, parental health and residential zone seems to have only a limited contribution. We also find that gender seems to be important in explaining the variation in sibling correlations. Mother’s appear to have a stronger contribution on daughters than their sons correlation, whereas father’s help to explain their sons correlation. Keywords Risk attitudes . Family background . Sibling correlations . Gender . Burkina Faso JEL classifications D1 . D81 . J6 . Z1
1 Introduction In recent decades, measuring risk attitudes as a core determinant of economic behaviour have attracted interest from researchers both in developing countries (e.g., Fafchamps and Pender
* Mohammad H. Sepahvand [email protected]
1
Department of Economics, Uppsala University, Kyrkogårdsgatan 10, Box 513, 751 20 Uppsala, Sweden
2
European Center for Advanced Research in Economics and Statistics (ECARES), Université Libre de Bruxelles, Bruxelles, Belgium
3
Swedish Institute for Social Research, Stockholm University, Stockholm, Sweden
4
Department of Sociology, University of Munich (LMU), Munich, Germany
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