Parental Involvement and the Intergenerational Transmission of Economic Preferences and Attitudes

Maria Zumbuehl, Thomas Dohmen and Gerard Pfann

CRC TR 224 Discussion Paper Series from University of Bonn and University of Mannheim, Germany

Abstract: We empirically investigate the link between parental involvement and shaping of the economic preferences and attitudes of their children. 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 are more involved 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.

Keywords: Intergenerational transmission; Parental involvement; Preference formation; Risk preference; Trust attitude; Personality; SOEP (search for similar items in EconPapers)
JEL-codes: D10 D90 J13 J62 (search for similar items in EconPapers)
Pages: 41
Date: 2018-06
New Economics Papers: this item is included in nep-soc
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Citations: View citations in EconPapers (12)

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Working Paper: Parental Involvement and the Intergenerational Transmission of Economic Preferences and Attitudes (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:bon:boncrc:crctr224_2018_022

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