This paper analyses the role of family risk attitudes in intergenerational mobility in incomes and education. Based on … with risk averse fathers. They obtain significantly higher levels of education, which would be justified by modest evidence … on higher returns to education. The relationship seems more complex for sons' own risk attitudes. Risk taking sons …

to take up higher education; and (iii) even when parents without an academic background support their children during … school, they are less likely to guide their children into tertiary education. …

We provide empirical evidence supporting a causal link between education and risk attitudes when using representative … experimental measures of risk attitudes and find that each is positively correlated with years of education. Furthermore, we … boom in the construction of new schools in Lima, providing evidence that more education may increase risk attitudes. Our …