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In this study, we argue that parents' class position may influence the type and timing of their offspring's investments in financial assets. These investments may facilitate net worth accumulation beyond direct transfers, contributing to the intergenerational reproduction of social positions. We test these expectations using retrospective life history and prospective panel data for 14 countries from the Survey of Health, Ageing and Retirement in Europe. We apply discrete-time event history analyses to examine the first financial investments' timing over the life course and conduct a mediation analysis of net worth. We find that individuals from advantaged parental classes are more likely to invest in stocks and mutual funds. When considering horizontal differentiation, managerial classes with relatively more economic capital than cultural capital are more likely to invest in financial assets. However, we do not find robust evidence for distinct timings of financial investments by parental class. Advantaged parental class is positively associated with net worth in later life. However, this association cannot be explained by the specific investments of individuals from advantaged parental classes. [ABSTRACT FROM AUTHOR]

Prior literature finds stability in personal culture, such as attitudes and values, in individuals' life courses using short-running panel data. This work has concluded that lasting change in personal culture is rare after formative early years. This conclusion conflicts with a growing body of evidence for changes in personal culture after significant life course transitions, drawing on long-running panel data. To integrate these conflicting findings, the current study develops and applies a life course adaption model of personal culture, accounting for early imprinting and the continued possibility for change. Drawing on rich data from six long-running panel studies from five countries (BHPS, HILDA, PSID, SHP, SOEP, UKHLS) and 428 measures of personal culture, I test the theoretical expectations using mixed-effects modeling and an individual participant data meta-analysis. Results support the life course adaption model. Although lasting, non-transitory, within-individual changes in personal culture are relatively small compared to stable between-individual differences, I find strong support for the proposition that individuals change persistently in their personal culture as they move through the life course. These changes are partly dependent on prior biographical experiences. Finally, personal culture fluctuates substantially from year to year. Change in personal culture is increasingly varied for younger birth cohorts. [ABSTRACT FROM AUTHOR]

Women's life courses underwent substantial changes in the family and work domains in the second half of the twentieth century. The associated fundamental changes in opportunity structures and values challenged the importance of families of origin for individual life courses, but two research strands suggest enduring within-family reproduction of women's family behavior and work outcomes. We revisit this issue by studying two complementary types of intergenerational associations in women's combined work-family trajectories. On the one hand, we examine similarities across mothers' and daughters' work-family trajectories to address the direct within-family reproduction of female life courses (intergenerational persistence). On the other hand, we examine systematic associations between work-family trajectories that are typical in each generation to address intergenerational interdependencies beyond direct reproduction that account for individual and societal constrains and opportunities that each generation faced (intergenerational correspondence). We use a within-dyad approach to sequence analysis and examine combined work-family trajectories between ages 18 and 35 of two generations of women, born in 1930-1949 and in 1958-1981, within the same family drawn from the German Socio-Economic Panel. Overall, we find evidence of small but nontrivial persistence in work-family trajectories across generations that is partly attributed to within-family mechanisms of reproduction. In addition, we find correspondence across typical trajectory patterns of each generation, without daughters necessarily resembling their mothers' trajectories. The strength of the intergenerational associations varies by social background. Our research improves and broadens our understanding of the reproduction of female life courses across generations. [ABSTRACT FROM AUTHOR]