Abstract

In this study, we estimate unadjusted and adjusted gender gaps in time preference, risk attitudes, altruism, trust, trustworthiness, cooperation, and competitiveness using data on 1088 high school students from 53 classes. These data, collected by running incentivized experiments in Hungarian classrooms, are linked to an administrative data source on the students’ standardized test scores, grades and family background. After taking into account class fixed effects, we find that females are significantly more altruistic, but are less present biased, less risk tolerant, less trusting, less trustworthy, and less competitive than males. At the same time we do not observe significant gender differences in patience, time inconsistency and cooperation at the 5% significance level. We also show that most of these initial gender differences do not change even if we control for age, family background, cognitive skills and school grades in a regression framework. We risk over-control when we include the time spent on each task as well as the other preference domains in our regressions, but the gender gap remains significant in social preferences (altruism, trust and trustworthiness), present bias and competition.

Highlights

  • At the same time we do not observe significant gender differences in patience, time inconsistency and cooperation at the 5% significance level. We show that these initial gender differences do not change even if we control for age, family background, cognitive skills and school grades in a regression framework

  • 14This might be due to the fact that both the trust game and the public goods game have a slight time element in the sense that one has to wait until the other player decides to know the outcome

  • We do not take delta into account when we look at beta, nor do we control for the other social preferences, when we look at altruism, trust or cooperation

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Summary

Introduction

Special attention has been given to gender differences in preferences as these may lead to inefficient social outcomes (Blau and Kahn, 2017; Buser et al, 2014; Ellison and Swanson, 2010; Paglin and Rufolo, 1990). Preferences evolve throughout childhood and adolescence, and there are several studies shedding light on how gender shapes preferences, besides other important determinants like socioeconomic status. Understanding gender differences in preferences in childhood and adolescence is important as those preferences seem to be more malleable at younger ages (Ertac, 2020). The gender intensification theory in psychology (Hill and Lynch, 1983) posits that adolescence reinforce societal expectations for gender-typed behavior (Rose and Rudolph, 2006), so investigating the factors that shape preferences in this age is an important endeavor.

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