Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/295991 
Year of Publication: 
2024
Series/Report no.: 
CESifo Working Paper No. 10902
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper investigates the intergenerational transmission of preferences between parents and their children, examining the transmission of patience, propensity to save, and conscientiousness. We explore the role of specific parental behaviours, such as sharing financial information, in this transmission process. Using data from a representative survey of Italian households (parents with children 14-20 years of age) our analysis reveals a significant and positive correspondence between parents' and children's preferences. The results indicate that sharing information strengthens the transmission of patience between parents and children, particularly among children under 18, households with a socioeconomic status (SES) above the median, and daughters. Conversely, sharing information does not impact significantly the transmission of the propensity to save or conscientiousness.
Subjects: 
intergenerational transmission
patience
propensity to save
conscientiousness
parental behaviours
JEL: 
D14
I21
J24
Document Type: 
Working Paper
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