Suchergebnisse

AbstractThis study analyzes the intergenerational transmission of education in nine Sub‐Saharan African countries, using nationally representative household survey data on parents of adult individuals. It provides the levels and trends of intergenerational persistence of years of schooling over 50 years, and it also ranks the nine countries relative to other nations. There is a declining cohort trend in the intergenerational persistence of education, particularly after the 1960s. Nevertheless, the education of parents remains a strong determinant of the educational outcomes of children. The analysis also documents country heterogeneity (intergenerational educational mobility varies significantly across countries) and a marked gender effect: daughter's education attainment is more correlated with her parents' education than that of sons. From a policy perspective, our result points to the importance of targeted redistributive policies and the expansion of secondary education to improve mobility.

We analyze the risk attitude of women and men entrepreneurs in the micro and small enterprises (MSEs) and investigate the factors that influence the risk attitude of MSE owners. The empirical analysis of the study consists of two parts. First, we use a moment-based approach to estimate the risk preferences of male and female entrepreneurs. Second, we estimate a regression model to understand the correlates of risk attitude and decompose the gender difference in risk aversion using the Oaxaca-Blinder technique. The results indicate that MSE entrepreneurs are risk-averse, with a relative risk premium of 1.5%. We also find that females are slightly more risk-averse than male entrepreneurs. Our regression estimates show that entrepreneurs' risk attitude is significantly correlated with the age and experience of the entrepreneur, marital status, education level and financial literacy, wealth, sector, and business form. Furthermore, the predictor variables significantly explain the gender difference in risk aversion, while the unexplained component is insignificant. This suggests that the gender difference in risk aversion is due to disparities in socioeconomic factors than a biological difference in risk preference.