Arbeitspapier

Intergenerational Mobility and the Timing of Parental Income

We extend the standard intergenerational mobility literature by modelling individual outcomes as a function of the whole history of parental income, using data from Norway. We find that, conditional on permanent income, education is maximized when income is balanced between the early childhood and middle childhood years. In addition, there is an advantage to having income occur in late adolescence rather than in early childhood. These result are consistent with a model of parental investments in children with multiple periods of childhood, income shocks, imperfect insurance, dynamic complementarity, and uncertainty about the production function and the ability of the child.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 9479

Classification
Wirtschaft
Human Capital; Skills; Occupational Choice; Labor Productivity
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Subject
child human capital
intergenerational mobility
parental income timing
semiparametric estimation

Event
Geistige Schöpfung
(who)
Carneiro, Pedro
Lopez Garcia, Italo
Salvanes, Kjell G.
Tominey, Emma
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2015

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Carneiro, Pedro
  • Lopez Garcia, Italo
  • Salvanes, Kjell G.
  • Tominey, Emma
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2015

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