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Research ArticleArticles

Intergenerational Linkages in Consumption Behavior

Andreas Waldkirch, Serena Ng and Donald Cox
Journal of Human Resources, March 2004, 39 (2) 355-381; DOI: https://doi.org/10.3368/jhr.39.2.355
Andreas Waldkirch
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Serena Ng
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Donald Cox
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Abstract

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. This correlation is found in different measures of consumption, and is not sensitive to private transfers. In contrast, the correlation is not statistically significant between pairs of households that are not related. The evidence is quite strong that income is not the only source of a parental effect in consumption behavior of their offspring.

  • Received August 2001.
  • Accepted November 2002.

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Journal of Human Resources
Vol. 39, Issue 2
31 Mar 2004
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Intergenerational Linkages in Consumption Behavior
Andreas Waldkirch, Serena Ng, Donald Cox
Journal of Human Resources Mar 2004, 39 (2) 355-381; DOI: 10.3368/jhr.39.2.355

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Intergenerational Linkages in Consumption Behavior
Andreas Waldkirch, Serena Ng, Donald Cox
Journal of Human Resources Mar 2004, 39 (2) 355-381; DOI: 10.3368/jhr.39.2.355
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