Impact of National Familial Culture on Economic Growth
Posted: 25 Oct 2018
Date Written: September 07, 2017
We employ a two-step methodology to evaluate the impact of national familial culture on economic growth across countries. The composite measures of familial culture are created from three variables – the importance of family, perceived respect and love for parents, and perception of parents’ duties toward their kids. First-step micro regression results show that family is more important to female, richer, highly educated, unemployed, and married individuals. Male, poorer, less educated, and unemployed individuals are more likely to respect and love parents unconditionally. The same group is also more likely to think that parents must do the best for their kids. Finally, the results from the second step show that the strength of national familial culture explains differences in income across countries.
Keywords: National familial culture, economic growth
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