PT  - JOURNAL ARTICLE
AU  - Waldkirch, Andreas
AU  - Ng, Serena
AU  - Cox, Donald
TI  - Intergenerational Linkages in Consumption Behavior
AID  - 10.3368/jhr.39.2.355
DP  - 2004 Mar 31
TA  - Journal of Human Resources
PG  - 355--381
VI  - 39
IP  - 2
4099  - http://jhr.uwpress.org/content/39/2/355.short
4100  - http://jhr.uwpress.org/content/39/2/355.full
SO  - J Hum Resour2004 Mar 31; 39
AB  - 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.