Artikel

PARENTAL TIME INVESTMENT AND INTERGENERATIONAL MOBILITY

This article constructs an overlapping generations general equilibrium model to explore the extent to which heterogeneity in time investment shapes intergenerational mobility of lifetime income. The calibrated model successfully accounts for untargeted distributional aspects of income mobility. Counterfactual exercises show that removing heterogeneity in parental time investment reduces intergenerational persistence by around 7–8% for early childhood but only marginally in later childhood. Policy experiments find that an asset‐tested subsidy for parental monetary investments in early childhood can raise intergenerational mobility in a cost‐effective way, though it reduces mobility substantially if given to parents with older school‐aged children.

Language
Englisch

Bibliographic citation
Journal: International Economic Review ; ISSN: 1468-2354 ; Volume: 64 ; Year: 2022 ; Issue: 1 ; Pages: 187-223 ; Hoboken, NJ: Wiley

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Yum, Minchul
Event
Veröffentlichung
(who)
Wiley
(where)
Hoboken, NJ
(when)
2022

DOI
doi:10.1111/iere.12602
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Yum, Minchul
  • Wiley

Time of origin

  • 2022

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