Accounting for Intergenerational Income Persistence: Noncognitive Skills, Ability and Education

Jo Blanden, Paul Gregg and Lindsey Macmillan ()
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Lindsey Macmillan: CMPO, University of Bristol

No 2554, IZA Discussion Papers from Institute for the Study of Labor (IZA)

Abstract: We analyse in detail the factors that lead to intergenerational persistence among sons, where this is measured as the association between childhood family income and later adult earnings. We seek to account for the level of income persistence in the 1970 BCS cohort and also to explore the decline in mobility in the UK between the 1958 NCDS cohort and the 1970 cohort. The mediating factors considered are cognitive skills, noncognitive traits, educational attainment and labour market attachment. Changes in the relationships between these variables, parental income and earnings are able to explain over 80% of the rise in intergenerational persistence across the cohorts.

Keywords: intergenerational mobility; children; skills (search for similar items in EconPapers)
JEL-codes: J62 J13 J31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu and nep-hrm
Date: 2007-01
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Related works:
Working Paper: Accounting for Intergenerational Income Persistence: Non-Cognitive Skills, Ability and Education (2006)
Working Paper: Accounting for Intergenerational Income Persistence: Noncognitive Skills, Ability and Education (2006)
Journal Article: Accounting for Intergenerational Income Persistence: Noncognitive Skills, Ability and Education (2007)
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