Asset Ownership Across Generations
AbstractThis paper examines cross-generational connections in asset ownership. It begins by presenting a theoretical framework that develops the distinction between the intergenerational transfer of knowledge about financial assets and the direct transfer of dollars from parents to children. Its analysis of data from the Panel Study of Income Dynamics (PSID) reveals intergenerational correlations in asset ownership, and we find evidence to suggest that parental asset ownership or family-based exposure to assets affects adult childrenÕs decisions about bank account and stock ownership.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Levy Economics Institute, The in its series Economics Working Paper Archive with number wp_314.
Date of creation: Sep 2000
Date of revision:
Contact details of provider:
Web page: http://www.levyinstitute.org
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Barnea, Amir & Cronqvist, Henrik & Siegel, Stephan, 2010.
"Nature or nurture: What determines investor behavior?,"
Journal of Financial Economics,
Elsevier, vol. 98(3), pages 583-604, December.
- Barnea, Amir & Cronqvist, Henrik & Siegel, Stephan, 2010. "Nature or Nurture: What Determines Investor Behavior?," SIFR Research Report Series 72, Institute for Financial Research.
- repec:cfs:cfswop:wp200527 is not listed on IDEAS
- Kerwin Kofi Charles & Erik Hurst, 2003.
"The Correlation of Wealth across Generations,"
Journal of Political Economy,
University of Chicago Press, vol. 111(6), pages 1155-1182, December.
- Guiso, Luigi & Sapienza, Paola & Zingales, Luigi, 2005.
"Trusting the Stock Market,"
CEPR Discussion Papers
5288, C.E.P.R. Discussion Papers.
- repec:hal:wpaper:halshs-00588069 is not listed on IDEAS
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marie-Celeste Edwards).
If references are entirely missing, you can add them using this form.