Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/124995
Authors: 
Carneiro, Pedro
Lopez Garcia, Italo
Salvanes, Kjell G.
Tominey, Emma
Year of Publication: 
2015
Series/Report no.: 
IZA Discussion Papers 9479
Abstract: 
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.
Subjects: 
child human capital
intergenerational mobility
parental income timing
semiparametric estimation
JEL: 
J24
E24
Document Type: 
Working Paper

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