Intergenerational talent transmission, inequality, and social mobility

Stefan Napel and Andrea Schneider

Economics Letters, 2008, vol. 99, issue 2, 405-409

Abstract: The paper investigates the effects of intra-family talent transmission when human capital exhibits indivisibilities and parental financing of education involves borrowing constraints. Positive talent correlation reduces social mobility but steady state inequality and macroeconomic history-dependence are not affected.

Date: 2008
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Working Paper: Intergenerational talent transmission, inequality, and social mobility (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:99:y:2008:i:2:p:405-409

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