We then go on to explore the
implications of the saving behaviour of children for their savings decisions in later life, specifically when
observed in early adulthood. We find that having saved as a child has a large positive influence both on
the probability of saving on a monthly basis and on the amount saved as an adult. This finding is robust to
alternative empirical strategies including IV analysis where the most conservative estimates show that
having saved as a child increases the probability of saving during adulthood by 12 percentage points.
2015 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license