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Parental investment and the intergenerational transmission of economic preferences

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Author Info

  • Zumbühl M.A.
  • Pfann G.A.
  • Pfann G.A.
  • Dohmen T.J.

    (ROA)

Abstract

We 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 Info

Paper provided by Maastricht University, Research Centre for Education and the Labour Market (ROA) in its series ROA Research Memorandum with number 011.

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Date of creation: 2013
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Handle: RePEc:unm:umaror:2013011

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Related research

Keywords: 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;

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Cited by:
  1. Matthias Doepke & Fabrizio Zilibotti, 2013. "Culture, Entrepreneurship, and Growth," NBER Working Papers 19141, National Bureau of Economic Research, Inc.

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