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
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Englisch
- Erschienen in
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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)
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University of Mannheim, Department of Economics
- (wo)
-
Mannheim
- (wann)
-
2016
- Handle
- URN
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urn:nbn:de:bsz:180-madoc-405793
- Letzte Aktualisierung
-
01.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Yum, Minchul
- University of Mannheim, Department of Economics
Entstanden
- 2016