Wealth, Savings and Children Among Swiss, German and Australian Families

Détails

Ressource 1Télécharger: Ravazzini-Kuhn2018_Chapter_WealthSavingsAndChildren.pdf (384.83 [Ko])
Etat: Serval
Version: Final published version
ID Serval
serval:BIB_77222A7D6B7F
Type
Partie de livre
Sous-type
Chapitre: chapitre ou section
Collection
Publications
Titre
Wealth, Savings and Children Among Swiss, German and Australian Families
Titre du livre
Social Dynamics in Swiss Society
Auteur(s)
Ravazzini Laura, Kuhn Ursina
Editeur
Springer International Publishing
ISBN
9783319895567
9783319895574
ISSN
2211-7776
2211-7784
Statut éditorial
Publié
Date de publication
2018
Peer-reviewed
Oui
Editeur scientifique
Tillmann Robin, Voorpostel Marieke, Farago Peter
Volume
Life Course Research and Social Policies
Pages
161-174
Langue
anglais
Résumé
Although sociologists pay increasing attention to wealth, we know very little about the relationship between children and wealth accumulation. Using the information on wealth from panel surveys (the Swiss Household Panel, the Household of Income and Labour Dynamics in Australia and the German Socio-Economic Panel), we study families’ wealth accumulation in different social and political settings. This contribution tests how children affect the propensity to save and net worth. It also addresses anticipation effects when individuals plan to have a child. The results from fixed effects models show that dependent children reduce the probability to save, whereas planning for a child increases the probability to save. To test whether lower or higher expenditure is responsible for lower saving probability, we estimate models with earned income and labour supply as mediator variables. Small children are found to reduce saving mostly through income losses, and older children reduce saving through higher expenditures. In the long run, children have moderate negative consequences on wealth accumulation in all countries (6714 CHF per grown-up child in Switzerland, 15,462 AU$ in Australia, and 619 EUR in Germany).
Mots-clé
Wealth accumulation, Savings, Child-rearing, Life-course analysis
Création de la notice
14/09/2018 9:35
Dernière modification de la notice
05/10/2018 7:08
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