2004
DOI: 10.2307/3559018
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Intergenerational Linkages in Consumption Behavior

Abstract: Consumption is partly a social activity, yet most studies of consumer behavior treat households in isolation. We investigate familial relationships in consumption patterns using a sample of parents and their children from the Panel Study of Income Dynamics. We find a positive and statistically significant parent-specific effect on children's consumption even after controlling for the effect of parental income, and we find similar effects for sibling pairs. Child consumption responds negatively to large post-re… Show more

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Cited by 56 publications
(38 citation statements)
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“…Waldkirch, Ng and Cox [46] deals with the type of intergenerational correlation considered in this paper. They study the intergenerational transmission of consumption preferences using data from the PSID that contain information on the total food expenditure of parents and of their adult o¤spring.…”
Section: Introductionmentioning
confidence: 99%
“…Waldkirch, Ng and Cox [46] deals with the type of intergenerational correlation considered in this paper. They study the intergenerational transmission of consumption preferences using data from the PSID that contain information on the total food expenditure of parents and of their adult o¤spring.…”
Section: Introductionmentioning
confidence: 99%
“…An example of this is work by Waldkirch, Ng, and Cox (2004), which looks at consumption using information about parents and their children from the Panel Study of Income Dynamics (PSID). Raw estimates suggest intergenerational correlations in food consumed away from home (one measure of consumption) in the range of .14-.20.…”
Section: Consumption and Wealthmentioning
confidence: 99%
“…In 1976 Robert Pollak discussed how preferences, especially in the short run, are influenced by other people's past consumption behaviours: individuals' preferences are such that they want to consume a given good when they observe other people around them already consuming that good. Waldkirch et al (2004) analyse the transmission of consumption preferences and behaviours, Booth and Kee (2006) consider the intergenerational cultural transmission of norms regarding fertility, Jackson et al (1997) and Louriero et al (2006) look at smoking habits, Lindbeck and Nyberg (2006) at the intergenerational transmission of norms related to work hard, while Wilhelm et al (2008) study the intergenerational transmission of generosity and Dohmen et al (2011) discuss the transmission of risk and trust attitudes. All these works, that aim at understanding how habits are transmitted and therefore which policies may be put into action to promote "good" habits and attitudes and to reduce "bad" ones, find that parents' influence their children preferences with their parental role, educational choices and behaviours.…”
Section: Background Literaturementioning
confidence: 99%
“…In 1976 Robert Pollak discussed how preferences, especially in the short run, are influenced by other people's past consumption behaviours: individuals' preferences are such that they want to consume a given good when they observe other people around them already consuming that good. Waldkirch et al (2004) et al (2011) discuss the transmission of risk and trust attitudes. All these works, that aim at understanding how habits are transmitted and therefore which policies may be put into action to promote "good" habits and attitudes and to reduce "bad" ones, find that parents' influence their children preferences with their parental role, educational choices and behaviours.…”
Section: Background Literaturementioning
confidence: 99%