Are "daddy's boys" just as rich as daddy? The transmission of values between generations
Are "daddy's boys" just as rich as daddy? The transmission of values between generations
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DOI：
10.1007/s10888-012-9230-7
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发表时间：
2013-12-01
影响因子：
2.4
通讯作者：
Arrondel, Luc
中科院分区：
文献类型：
--
作者：
Arrondel, Luc
父母的储蓄行为对其子女的储蓄行为的影响经常被提及。本文试图通过DELTA和TNS-Sofres在2002年收集的一个独特的法国数据集（Pata，而不是signr调查）来解释这种“poids d 'esterise”，该数据集包含同一家庭两代或三代人的储蓄和主观信息。父母和子女的风险和折扣偏好显着正代际相关。相关系数约为0.25，因此这两种偏好远非相同。此外，子女财富相对于父母财富的弹性约为0.22。这种相关性是根据年龄对财富的影响进行校正的，并且只涉及共存的几代人，也就是说，在最重要的代际转移发生之前。对一系列解释变量的原始相关性的分析表明，超过40%的弹性可以用两代人的永久收入来解释。教育和偏好各占约20%，而前代转移约占13%。当控制永久收入时，储蓄偏好的贡献约为13%。因此，偏好的传递在财富不平等的代际传递中起着不可忽视的作用，但远不是最重要的因素。
The influence of parents' savings behaviour on that of their children has often been remarked. This paper attempts to explain this "poids d'Anchise" via a unique French dataset collected by DELTA and TNS-Sofres in 2002 (Pata,not signr survey), which contains both savings and subjective information for two or three generations of the same family. Parents' and children's risk and discounting preferences are significantly positively intergenerationally correlated. The correlation coefficients are around 0.25, so that the two preferences are nonetheless far from identical. In addition, the elasticity of children's wealth with respect to that of their parents is around 0.22. This correlation is corrected for the influence of age on wealth, and concerns only co-existing generations, that is before the most significant intergenerational transfers have taken place. The analysis of the raw correlations with a series of explanatory variables reveals that over 40 % of this elasticity can be explained by the permanent incomes of the two generations. Each of education and preferences separately account for about 20 %, and previous intergenerational transfers for about 13 %. When permanent income is controlled for, the contribution of savings preferences is around 13 %. The transmission of preferences therefore plays a non-negligible role in the intergenerational transmission of wealth inequalities, but is far from being the most important factor.