Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/339286 
Year of Publication: 
2026
Series/Report no.: 
Working Paper No. 152
Publisher: 
Università Cattolica del Sacro Cuore, Dipartimento di Economia e Finanza (DISCE), Milano
Abstract: 
We develop a model that links education-outcome gradients to intergenerational transmission, distinguishing joint from parent-specific channels under assortative mating. Using Danish administrative data on family quartets, we estimate the own education-outcome gradient and, in addition, intergenerational gradients in long-run earnings, disposable income, assets, and wealth. Gradients differ sharply across domains: for earnings and income, joint transmission matters alongside individual-specific heterogeneity; for assets and especially wealth, gradients are dominated by parent-specific channels. Exploiting Danish schooling reforms, we show that the composition of financial gradients varies with access to schooling.
Subjects: 
Assortative mating
Education gradients
Intergenerational mobility
JEL: 
J62
D31
J12
I24
E21
J24
Document Type: 
Working Paper

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