Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/225539
Authors: 
Zumbuehl, Maria
Dohmen, Thomas
Pfann, Gerard A.
Year of Publication: 
2020
Series/Report no.: 
ECONtribute Discussion Paper 027
Abstract: 
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.
Subjects: 
Risk preferences
trust
intergenerational transmission
cultural transmission
social mobility
SOEP
JEL: 
D9
Z1
J13
J62
Document Type: 
Working Paper

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