Intergenerational Linkages in Consumption Behavior
利用收入动态面板研究数据，发现父母对子女的消费有显著正向影响，且独立于收入效应，表明消费行为存在代际传递。
Abstract 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.