Asset Ownership Across Generations
This paper examines cross-generational connections in asset ownership. It begins by presenting a theoretical framework that develops the distinction between the intergenerational transfer of knowledge about financial assets and the direct transfer of dollars from parents to children. Its analysis of data from the Panel Study of Income Dynamics (PSID) reveals intergenerational correlations in asset ownership, and we find evidence to suggest that parental asset ownership or family-based exposure to assets affects adult childrenÕs decisions about bank account and stock ownership.
Year of publication: |
2000
|
---|---|
Authors: | Chiteji, Ngina S. ; Stafford, Frank P. |
Publisher: |
Annandale-on-Hudson, NY : Levy Economics Institute of Bard College |
Saved in:
freely available
Series: | Working Paper ; 314 |
---|---|
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Working Paper |
Language: | English |
Other identifiers: | hdl:10419/186982 [Handle] RePEc:lev:wrkpap:wp_314 [RePEc] |
Source: |
Persistent link: https://www.econbiz.de/10011935371
Saved in favorites
Similar items by person
-
Asset ownership across generations
Chiteji, Ngina S., (2000)
-
Chiteji, Ngina S., (1999)
-
Chiteji, Ngina S., (1999)
- More ...