Like father like son : how does parents' financial behavior affect their children's financial behavior?

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      <subfield code="a">Riitsalu, Leonore</subfield>
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      <subfield code="a">Like father like son</subfield>
      <subfield code="b">: how does parents' financial behavior affect their children's financial behavior?</subfield>
      <subfield code="c">Leonore Riitsalu, Kaire Pöder</subfield>
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      <subfield code="a">This paper investigates the Using two national longitudinal studies: the 1979 National Longitudinal Survey Children and Young Adults (NLSCYA) and the 1979 National Longitudinal Survey (NLSY79), we link the financial behavior of 2,520 young adults back to their general self-control skill and their parents' financial behavior conducted during children's adolescence. We find evidence of intergenerational consistency in financial behavior between parents and their children. Results from the generalized structural equation model indicate that parents¿ financial behavior affects that of their children both directly and indirectly through general self-control skill development. Furthermore, the influence of parents is moderated by parentchild relationship. These findings highlight the importance of parental financial socialization. Its implications are discussed.Intergenerational influence on financial behaviour</subfield>
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      <subfield code="a">Ahorro financiero familiar</subfield>
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      <subfield code="a">Educación financiera</subfield>
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      <subfield code="a">Comportamiento financiero</subfield>
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      <subfield code="t">The Journal of consumer affairs, Volume 51, Issue 2, Summer 2017</subfield>
      <subfield code="h">Pages 284-311</subfield>
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