UNEQUAL CHANCES: THE INTERGENERATIONAL TRANSMISSION OF ECONOMIC ADVANTAGE UNDER MARITAL SORTING
Chapter 2 in New and Enduring Themes in Development Economics, 2009, pp 41-56 from World Scientific Publishing Co. Pte. Ltd.
AbstractInequality perpetuates in the absence of intergenerational mobility. The intergenerational transmission of socioeconomic advantage negates the norm of equality of opportunity. This inequality in opportunities or unequal chances is further strengthened under marital sorting, as assortative marriage matches the affluent with the rich and vice versa. Parental investments in the human capital of children are in part motivated by the prospects of attracting a better partner for their children. Parents care about the earnings capacity or the combined income of the married partners while deciding the marriage of their children. The status of his/her own parents as well as that of the parents of his/her partner influences the economic status of children. This paper explores the intergenerational links in the transmission of economic advantage under such marital sorting. We estimate the intergenerational transmission of education and income between parents and children, and between parents-in-law and daughters-in-law and sons-in-law. The estimated intergenerational transmission is quite substantial and more pronounced in the case of daughters. The elasticity of children's income is strongly positive with respect to in-laws income. The empirical results for education also reveal strong positive assortative mating pattern. Spousal earnings is just as elastic as the children's own earnings with respect to the parents and in-laws education and income.
Keywords: Development Economics; Happiness; Well-Being; Political Economy; Economic of Labour; Agricultural Economics (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Ebook Access is available upon purchase.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789812839428_0002
Ordering information: This item can be ordered from
Access Statistics for this chapter
More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().