Human Capital, Heterogeneity and Estimated Degress of Intergenerational Mobility  

Oleh:

Han, Song ; Mulligan, Casey B.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 111 no. 470 (2001), page 207-243.
Topik: HUMAN CAPITAL; human capital; heterogeneity; intergenerational; mobility
Fulltext: 207.pdf (561.78KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We study the parental investment model of intergenerational mobility, where heterogeneity in `innate' earnings ability and parents' altruism rate is explicitly modelled. We show that heterogeneity increases the difficulty of detecting the existence of borrowing constrained families. Conversely, the presence of heterogeneity means that economic and linear statistical models of inheritance generate similar intergenerational data on consumption and earnings. We also suggest that may cross - country differences in intergenerational earnings mobility are more readily interpreted according to the heterogeneity of inherited ability, rather than optimal family responses to country - specific institutions for accumulating human capital.

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