Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/23639 
Year of Publication: 
2006
Series/Report no.: 
Diskussionspapier No. 52
Publisher: 
Helmut-Schmidt-Universität - Universität der Bundeswehr Hamburg, Fächergruppe Volkswirtschaftslehre, Hamburg
Abstract: 
The paper investigates the effects of intra-family talent transmission when human capital exhibits indivisibilities and parental financing of education involves borrowing constraints. Positive talent correlation reduces social mobility but steady state inequality and macroeconomic history-dependence are not affected.
Subjects: 
Intergenerational mobility
Inequality
Occupational choice
Historydependence
JEL: 
O15
J62
E25
J24
I21
D91
D31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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