Parents' Current Income, Long-term Characteristics and Children's Education: Evidence from the 1970 British Cohort

Massimiliano Bratti

No 174, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

Abstract: This paper investigates the effect of parents’ current income and long-term;family characteristics on individuals’ highest educational qualification ob-tained;by age 26 using UK data from the 1970 British Cohort Study. The;issues of the possible sample selection bias produced by the not completely;random omission of current family income and that of its potential endo-geneity;are addressed, using a hot-deck multiple imputation procedure and;including an indicator of child ability, respectively. I find evidence that cur-rent;family income has a statistically significant positive impact on children’s;education, although it is one of negligible magnitude. Long-term family char-acteristics;are far more important.

Keywords: children; education; family income; hot check imputation; ordered probit (search for similar items in EconPapers)
JEL-codes: J20 J24 (search for similar items in EconPapers)
Pages: 47
Date: 2002-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:anc:wpaper:174

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