“…SeeBauer and Chytilová (2010),Bauer and Chytilová (2013);Becker and Mulligan (1997);Kirby et al (2002);Lawrance (1991).3 Parental influence is one of the earliest and most important sources of preference formation. Intergenerational transmission of behavioral preferences has been demonstrated for work attitudes(Fernandez and Fogli, 2009); leisure activities(Volland, 2013); and underlying preferences like risk and trust(Dohmen et al (2012);Zumbuehl et al (2013)) or academic aspirations and motivation(Benner and Mistry (2007);Kirk et al (2011)). Time preferences have also been found to be associated with many factors, including education, wealth, income, poverty(Lawrance (1991) andCarvalho (2010)), gender and age(Bauer and Chytilová (2013),Anderson et al (2004) andRubalcava et al (2009)).…”