Parental involvement and the intergenerational transmission of economic preferences, attitude and personality traits

Arbeitspapier

We empirically investigate the link between parental involvement and shaping of the economic preferences, attitudes and personality traits of their children. We exploit information on the risk and trust attitudes, the Big Five personality traits and locus of control 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 have children with more favourable attitudes and traits. These children rank higher in traits that further their success in life, and they are more similar to their parents in those attitudes, where the optimum level is more ambiguous.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECONtribute Discussion Paper ; No. 027

Classification and Topics

• Classification: Wirtschaft ; Fertility; Family Planning; Child Care; Children; Youth ; Job, Occupational, and Intergenerational Mobility; Promotion
• Subject: Risk preferences ; trust ; intergenerational transmission ; cultural transmission ; social mobility ; SOEP

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Zumbuehl, Maria ; Dohmen, Thomas ; Pfann, Gerard A.
• Event: Veröffentlichung
• (who): University of Bonn and University of Cologne, Reinhard Selten Institute (RSI)
• (where): Bonn and Cologne
• (when): 2020

Further information

• Handle: http://hdl.handle.net/10419/225539
• Last update: 10.03.2025, 11:42 AM CET