The relationship between parents' personality traits and leaving unequal bequests to children

TitleThe relationship between parents' personality traits and leaving unequal bequests to children
Publication TypeJournal Article
Year of Publication2022
AuthorsSommer, M, Lim, HN
JournalFinancial Planning Review
Volume5
Issue2-3
Paginatione1147
KeywordsBequests, children, Personality Traits
Abstract

This study investigated the relationship between the five-factor model personality traits and parents' intentions to leave unequal bequests to their children. A sample of 1229 was drawn from the 2016 wave of the health and retirement study. As predicted by the study's hypotheses, the results found that conscientiousness was negatively related to unequal bequests, while extraversion was positively related to unequal bequests. Opposite of the study's prediction, however, was a positive relationship between agreeableness and unequal bequests. Although the effect sizes were small, financial planners can easily use these findings to better understand how their clients' personality traits may play a role in their wealth transfer intentions.

DOI10.1002/cfp2.1147
Citation Key12524