Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/331811 
Authors: 
Year of Publication: 
2025
Series/Report no.: 
SOEPpapers on Multidisciplinary Panel Data Research No. 1233
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), German Socio-Economic Panel (SOEP), Berlin
Abstract: 
This exploratory study examines the effects of parental socialization and parental role models at ages 7 to 10 on the entrepreneurial intentions of their children in adolescence. Analysis of German household data and more than 1,400 observations shows a moderation effect between parental role models and socialization. An adolescent's willingness to become self-employed in the future is influenced by parental role models and moderated by parental child-rearing practices related to risk-taking during childhood. While child-rearing practices not focused on risk-avoidance reinforce the parental role model effect and increase an adolescent's intentions to become self-employed, parental child-rearing practices geared toward risk aversion nullify any positive effects of having self-employed parents as role models. Parental socialization during childhood thus casts a long-term shadow and may explain why some children with self-employed parents have as little intention of becoming self-employed as children of employees. Early parental socialization practices may, thus, contribute to explaining the lack of willing entrepreneurs and family business successors.
Subjects: 
entrepreneurial intentions
life course theory
role model
self-employment
socialization
Document Type: 
Working Paper

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