Parental time investment and intergenerational mobility

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper Series ; No. 16-06

Classification and Topics

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

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Yum, Minchul
• Event: Veröffentlichung
• (who): University of Mannheim, Department of Economics
• (where): Mannheim
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/149583
• URN: urn:nbn:de:bsz:180-madoc-405793
• Last update: 10.03.2025, 11:43 AM CET