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Parental Involvement and the Intergenerational Transmission of Economic Preferences and Attitudes

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  • Maria Zumbuehl
  • Thomas Dohmen
  • Gerard Pfann

Abstract

We empirically investigate the link between parental involvement and shaping of the economic preferences and attitudes of their children. We exploit information on the risk and trust attitudes of parents and their children, as well as rich information about parental efforts in the upbringing of their children from the German Socio-Economic Panel Study. Our results show that parents who are more involved in the upbringing of their children are more similar to them with respect to risk and trust attitudes and thus transmit their own attitudes more strongly.

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  • Maria Zumbuehl & Thomas Dohmen & Gerard Pfann, 2018. "Parental Involvement and the Intergenerational Transmission of Economic Preferences and Attitudes," CRC TR 224 Discussion Paper Series crctr224_2018_022, University of Bonn and University of Mannheim, Germany.
    • Handle: RePEc:bon:boncrc:crctr224_2018_022
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    Cited by:

    1. Brenøe, Anne Ardila & Epper, Thomas, 2019. "Parenting Values Moderate the Intergenerational Transmission of Time Preferences," Economics Working Paper Series 1917, University of St. Gallen, School of Economics and Political Science.
    2. Francesco Agostinelli & Matthias Doepke & Giuseppe Sorrenti & Fabrizio Zilibotti, 2020. "It Takes a Village: The Economics of Parenting with Neighborhood and Peer Effects," Cowles Foundation Discussion Papers 2228, Cowles Foundation for Research in Economics, Yale University.
    3. Kiessling, Lukas, 2021. "How do parents perceive the returns to parenting styles and neighborhoods?," European Economic Review, Elsevier, vol. 139(C).
    4. Brenøe, Anne Ardila & Epper, Thomas, 2022. "Parenting values and the intergenerational transmission of time preferences," European Economic Review, Elsevier, vol. 148(C).

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    More about this item

    Keywords

    Intergenerational transmission; Parental involvement; Preference formation; Risk preference; Trust attitude; Personality; SOEP;
    All these keywords.

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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