Abstract
ABSTRACT Using data from the China Household Finance Survey, this study investigates how parental education level affects the risky financial asset allocation of offspring households via the Probit and Tobit models. Results show that the parents” education level significantly and positively impacts the probability and proportion of risky financial assets investment in offspring families and are still robust after using instrumental variables for the endogeneity test. The mechanism test shows that parents” educational level can improve the investment probability and proportion of risky financial assets of children’s families by increasing the income of children’s families and the education level of the heads of children’s families.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
