Arbeitspapier

Parental time investment and intergenerational mobility

This paper investigates parental time investment in children prior to formal schooling as a source of intergenerational income persistence in the U.S. I develop a dynamic general equilibrium model where lifetime income endogenously persists across generations through multiple channels. My model replicates a series of important untargeted aspects of the data including the U.S. income quintile transition matrix. I …find that the parental time investment channel accounts for nearly 40 percent of the observed intergenerational income persistence. Policy experiments suggest that e¤ective ways of improving mobility should focus on narrowing discrepancies in the quantity and quality of parental time investments.

Sprache
Englisch

Erschienen in
Series: Working Paper Series ; No. 16-06

Klassifikation
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Education and Inequality
Time Allocation and Labor Supply
Thema
parental time
human capital investment
intergenerational persistence
college education

Ereignis
Geistige Schöpfung
(wer)
Yum, Minchul
Ereignis
Veröffentlichung
(wer)
University of Mannheim, Department of Economics
(wo)
Mannheim
(wann)
2016

Handle
URN
urn:nbn:de:bsz:180-madoc-405793
Letzte Aktualisierung
01.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Yum, Minchul
  • University of Mannheim, Department of Economics

Entstanden

  • 2016

Ähnliche Objekte (12)