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Autor:innen: 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
Working Paper Series No. 16-06
Verlag: 
University of Mannheim, Department of Economics, Mannheim
Zusammenfassung: 
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.
Schlagwörter: 
parental time
human capital investment
intergenerational persistence
college education
JEL: 
E24
I24
J22
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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