Abstract:

There is a phenomenon of intergenerational transmission of economic attitudes and behaviors. Ample studies on intergenerational transmission of economic attitudes primarily focus on money attitude, risk attitude, reciprocity attitude, and consumption attitude, while research on intergenerational transmission of economic behaviors pays much attention to consumption behavior, donation behavior, and saving behavior. In addition to genetic mechanism, the intergenerational transmission has two important pathways of socialization: observational learning and parent-child interaction, in which the latter channel is comprised of parent-child communication and financial parenting. Parent-child communication emphasizes the interaction at the level of language, whereas financial parenting is mainly embodied in the interaction at the level of behavior. However, previous research on financial parenting is still in its preliminary stage without in-depth analyses. Therefore, it is necessary for future studies to strengthen the research of intergenerational transmission in the context of Chinese culture and reality, and to explore its mechanisms in depth.

Key words: economic attitude, economic behavior, intergenerational transmission, transmission mechanism