Sarah Brown|Karl Taylor
Early influences on saving behaviour: Analysis of British panel data
University of Sheffield|University of Sheffield
using data british household panel survey understanding society examine saving behaviour individuals time initially explore determinants saving behaviour children aged 1115 findings suggest parental allowancespocket money earnings parttime work lower increase probability child saves also evidence financial expectations head household influence offsprings saving behaviour children optimistic parents lower probability saving approximately 2 percentage points however evidence intergenerational correlation savings behaviour saving behaviour parents appears bearing saving decisions offspring go explore implications saving behaviour children savings decisions later life specifically observed early adulthood find saved child large positive influence probability saving monthly basis amount saved adult finding robust alternative empirical strategies including iv analysis conservative estimates show saved child increases probability saving adulthood 12 percentage points