Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/130085
Authors: 
Carneiro, Pedro
Lopez Garcia, Italo
Salvanes, Kjell
Tominey, Emma
Year of Publication: 
2015
Series/Report no.: 
cemmap working paper, Centre for Microdata Methods and Practice CWP66/15
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.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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