| ID | 197907 |
| Title Proper | Intergenerational preference transmission in physician families during the pandemic |
| Other Title Information | Theory and evidence |
| Language | ENG |
| Author | Guo, Yiting |
| Summary / Abstract (Note) | We examine the intergenerational transmission of economic preferences among physicians by analyzing the altruistic and risk preferences of medical students and one of their parents through incentivized experiments in Wuhan. Our findings reveal that altruism in parents is a strong predictor of similar traits in their children, demonstrating the intergenerational transmission of pro-social traits. Moreover, these children are more likely to choose a medical major, reflecting a tendency to self-select into the medical field based on altruistic inclinations. This self-selection effect has been augmented post-pandemic. These medical families are more likely to form a distinct family cluster characterized by higher levels of risk-taking and altruistic preferences. We propose a theoretical framework capturing the intergenerational preference transmission and family-wise self-selection among future physicians. Our research has important policy implications, suggesting that enhancing intra-household support can effectively address the chronic labor shortfall in the medical industry. |
| `In' analytical Note | China Economic Review Vol. 88, Dec 2024: p.102298 |
| Journal Source | China Economic Review 2024-11 88 |
| Key Words | COVID-19 ; Intergenerational preference transmission ; Health economics ; Risk and altruistic preferences ; Family cluster |