Inter-generational effect of parental time and its policy implications

Guozhong Zhu and Gulfer Vuralz

MPRA Paper from University Library of Munich, Germany

Abstract: Why do parents with more human capital spend more time teaching and taking care of their children, in spite of the higher opportunity cost? How does this aect inter-generational mobility and wage inequality? Does this have any implications on the policy that provides public schooling through income taxation? We develop and estimate a theoretical model to answer these questions, in the light that parental time investment is a powerful means of transmitting human capital inter-generationally.

Keywords: Human capital production; Parental time investment; Wage inequality; Earnings persistence; Public schooling (search for similar items in EconPapers)
JEL-codes: E20 R20 R30 (search for similar items in EconPapers)
Date: 2012-05
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Inter-generational effect of parental time and its policy implications (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:40670

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