Parental Investment and the Intergenerational Transmission of Economic Preferences and Attitudes

Arbeitspapier

We study empirically whether there is scope for parents to shape the economic preferences and attitudes of their children through purposeful investments. 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 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.

Show object

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 7476

Classification and Topics

• Classification: Wirtschaft ; Fertility; Family Planning; Child Care; Children; Youth ; Job, Occupational, and Intergenerational Mobility; Promotion ; Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
• Subject: risk preferences ; trust ; intergenerational transmission ; cultural transmission ; social mobility ; GSOEP ; Eltern ; Risikopräferenz ; Vertrauen ; Kognition ; Kinder ; Soziale Mobilität ; Generationengerechtigkeit ; Deutschland

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Zumbühl, Maria ; Dohmen, Thomas ; Pfann, Gerard A.
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/80555