Using life-history survey data from eleven European countries, we investigate whether childhood conditions, such as socioeconomic status, cognitive abilities and health problems influence portfolio choice and risk attitudes later in life. After controlling for the corresponding conditions in...

This paper considers the potential for the cultural transmission of attitudes toward work, welfare, and individual responsibility to explain the intergenerational correlation in welfare receipt. Specifically, we investigate whether 18-year olds' views about social benefits and the drivers of...

This paper introduces a new approach to "cultural transmission of preferences" (see Bisin and Verdier, 2000, 2001). It is based on the conceptualization of the culture of a person as a set of cultural values and attitudes, represented as an n-dimensional tuple in Euclidean space. The culture of...