Publication type
Conference Paper
Series
Royal Economic Society Annual Conference 2013
Authors
Publication date
April 3, 2013
Summary:
We explore the saving behaviour of children aged 11-15 using the British Household Panel Survey. Our findings suggest that parental allowances/pocket money (earnings from part-time work) lower (increase) the probability that a child saves. Parental saving behaviour does not influence that of their offspring, whereas parental financial optimism lowers the probability that a child saves. We then track the children into early adulthood (aged 16-26). Our findings suggest that having saved as a child has a large positive influence on the probability of saving on a monthly basis and on the amount saved as a young adult.
Subjects
Link
http://www.webmeets.com/RES/2013/prog/viewpaper.asp?pid=169
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