Home > Publications . Search All . Browse All . Country . Browse PSC Pubs . PSC Report Series

PSC In The News

RSS Feed icon

Krause says having religious friends leads to gratitude, which is associated with better health

Work by Bailey and Dynarski on growing income gap in graduation rates cited in NYT

Johnston says marijuana use by college students highest in 30 years

Highlights

Martha Bailey and Nicolas Duquette win Cole Prize for article on War on Poverty

Michigan's graduate sociology program tied for 4th with Stanford in USN&WR rankings

Jeff Morenoff makes Reuters' Highly Cited Researchers list for 2014

Susan Murphy named Distinguished University Professor

Next Brown Bag

Monday, Sep 22
Paula Fomby (Michigan), Family Complexity, Siblings, and Children's Aggressive Behavior at School Entry

Asset Ownership Across Generations

Publication Abstract

Download PDF versionChiteji, Ngina S., and Frank P. Stafford. 2000. "Asset Ownership Across Generations." PSC Research Report No. 00-454. September 2000.

This paper examines cross-generational connections in asset ownership. We study the effect that parental ownership of individual assets has on their children's knowledge about assets and their portfolio choice decisions. The paper first presents a theoretical framework that develops the distinction between the intergenerational transfer of knowledge about financial assets and the direct transfer of dollars. It subsequently analyzes data from the Panel Study of Income Dynamics (PSID). Our empirical research reveals that there is intergenerational correlation in asset ownership and that parental asset-ownership affects the probability of holding a bank account and the probability of owning stock.

Browse | Search : All Pubs | Next