Intergenerational preference transmission in physician families during the pandemic: Theory and evidence

IF 5.2 1区 经济学 Q1 ECONOMICS 中国经济评论 Pub Date : 2024-10-29 DOI:10.1016/j.chieco.2024.102298
Yiting Guo, Lijia Wei, Lian Xue
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Abstract

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.
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大流行病期间医生家庭的代际偏好传递:理论与证据
我们通过在武汉进行的激励实验,分析了医学生及其父母之一的利他主义和风险偏好,从而研究了经济偏好在医生中的代际传递。我们的研究结果表明,父母的利他主义是子女类似特质的有力预测因素,这证明了亲社会特质的代际传递。此外,这些孩子更有可能选择医学专业,这反映了基于利他主义倾向的医学领域自我选择倾向。这种自我选择效应在大流行后得到了加强。这些从医家庭更有可能形成一个独特的家庭集群,其特点是具有较高的冒险精神和利他主义倾向。我们提出了一个理论框架,以捕捉未来医生的代际偏好传递和家庭式自我选择。我们的研究具有重要的政策意义,表明加强家庭内部支持可以有效解决医疗行业长期存在的劳动力短缺问题。
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来源期刊
中国经济评论
中国经济评论 ECONOMICS-
CiteScore
10.60
自引率
4.40%
发文量
380
期刊介绍: The China Economic Review publishes original works of scholarship which add to the knowledge of the economy of China and to economies as a discipline. We seek, in particular, papers dealing with policy, performance and institutional change. Empirical papers normally use a formal model, a data set, and standard statistical techniques. Submissions are subjected to double-blind peer review.
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