Parental socialisation effort and the intergenerational transmission ...

Table 3: Mother’s Effort and Children’s Risk Tolerance (0-1)Linear Dummy Variable Broader EffortSpecification Specification Measure(1) (2) (3) (4) (5) (6)Girls Boys Girls Boys Girls BoysMother’s risk (0-1) -0.469 ∗∗ -0.110 0.0391 0.0132 0.0176 0.0280(0.202) (0.377) (0.0675) (0.133) (0.0797) (0.130)Mother’s effort -0.0447 -0.0522(0.0288) (0.0425)Mother’s effort* 0.158 ∗∗∗ 0.0276Mother’s risk (0.0482) (0.0821)Medium effort -0.0905 -0.0313 -0.0678 -0.0293(0.0578) (0.0893) (0.0548) (0.0735)High effort -0.0989 ∗ -0.0988 -0.124 ∗∗ -0.0349(0.0494) (0.0626) (0.0560) (0.0996)Medium effort* 0.265 ∗ -0.0559 0.267 ∗∗ 0.0320Mother’s risk (0.128) (0.144) (0.115) (0.127)High effort* 0.301 ∗∗∗ 0.0345 0.355 ∗∗∗ -0.0835Mother’s risk (0.0855) (0.173) (0.117) (0.224)N 307 371 307 371 306 368Regional FE yes yes yes yes yes yesHousehold controls yes yes yes yes yes yesIndividual controls yes yes yes yes yes yesR 2 0.21 0.18 0.22 0.18 0.22 0.18Both mother’s and child’s risk tolerance is measured on a 0-1 scale.Household and individual controls as in table 2.Standard errors in parentheses (clustered at the region level).∗ p < .1, ∗∗ p < .05, ∗∗∗ p < .01