Parental socialisation effort and the intergenerational transmission ...

Table 1: Mothers’ and Children’s Risk Tolerance (0-1)(1) (2) (3) (4)Mother’s risk (0-1) (β 1 ) 0.142 ∗∗ 0.124 ∗∗ 0.127 ∗∗(0.0568) (0.0511) (0.0512)Male (β 2 ) 0.0539 ∗∗∗ 0.114 ∗∗(0.0184) (0.0404)Mother’s risk*Male (β 3 ) 0.0600(0.0764)Mother’s risk*Female (β 4 )0.194 ∗∗∗(0.0497)N 746 746 746 746Regional FE no yes yes yesR 2 0.02 0.09 0.10 0.10Test β 3 = β 4 (p-value) 0.11Both mother’s and child’s risk tolerance is measured on a 0-1 scale.Standard errors in parentheses (clustered at the region level).∗ p < .1, ∗∗ p < .05, ∗∗∗ p < .01