Parental investment and the intergenerational transmission of economic preferences
AbstractWe study empirically whether there is scope for parents to shape the economicpreferences and attitudes of their children through purposeful investments. Weexploit 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 invest more 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. The results are robust to including variables on the relationship between children and parents, family size, and the parents socioeconomic background.
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Bibliographic InfoPaper provided by Maastricht University, Research Centre for Education and the Labour Market (ROA) in its series ROA Research Memorandum with number 011.
Date of creation: 2013
Date of revision:
Information; Knowledge; and Uncertainty: General; Marriage; Marital Dissolution; Family Structure; Domestic Abuse; Fertility; Family Planning; Child Care; Children; Youth; Job; Occupational; and Intergenerational Mobility; Promotion; Economic Sociology; Economic Anthropology; Social and Economic Stratification;
Find related papers by JEL classification:
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
- 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
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-02-02 (All new papers)
- NEP-EVO-2014-02-02 (Evolutionary Economics)
- NEP-SOC-2014-02-02 (Social Norms & Social Capital)
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- Matthias Doepke & Fabrizio Zilibotti, 2013.
"Culture, Entrepreneurship, and Growth,"
NBER Working Papers
19141, National Bureau of Economic Research, Inc.
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