Parental Investment and the Intergenerational Transmission of Economic Preferences and Attitudes

Maria Zumbuehl, Thomas Dohmen and Gerard Pfann

No 570, SOEPpapers on Multidisciplinary Panel Data Research from DIW Berlin, The German Socio-Economic Panel (SOEP)

Abstract: 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.

Keywords: parental investments; risk preferences; trust; intergenerational transmission; cultural economics; family economics; social interactions (search for similar items in EconPapers)
JEL-codes: D80 J12 J13 J62 Z13 (search for similar items in EconPapers)
Pages: 27 p.
Date: 2013
New Economics Papers: this item is included in nep-cbe, nep-dem, nep-evo and nep-soc
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Citations: View citations in EconPapers (40)

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Related works:
Working Paper: Parental Investment and the Intergenerational Transmission of Economic Preferences and Attitudes (2013)
Working Paper: Parental Investment and the Intergenerational Transmission of Economic Preferences and Attitudes (2013)
Working Paper: Parental investment and the intergenerational transmission of economic preferences and attitudes (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwsop:diw_sp570

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