On the Intergenerational Transmission of Economic Status.
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ABSTRACT:
SUBMITTER: Lee SYT
PROVIDER: S-EPMC7644086 | biostudies-literature | 2019 Apr
REPOSITORIES: biostudies-literature
Publications
On the Intergenerational Transmission of Economic Status.
Lee Sang Yoon Tim SYT Seshadri Ananth A
The journal of political economy 20190226 2
We present a model in which human capital investments occur over the life cycle and across generations, à la Becker and Tomes. The human capital technology features multiple stages of childhood investments, college, and life cycle accumulation. The model can explain a wide range of intergenerational relationships while remaining empirically consistent with cross-sectional inequality. Much of the latter is determined by early investments in children, so that borrowing constraints faced by young p ...[more]
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