Parental Support for Human Capital Investment by Young Adults

John Ermisch

No 1536, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: The paper develops two models in which parents support their adult child’s human capital investment through financial transfers and/or coresidence. In one, parents are altruistic, and in the other they make loans to children for purely selfish reasons. Econometric estimates using the first four waves of the British Household Panel Study lend more support to the altruistic motivation for support and indicate substitution between the two kinds of support.

Keywords: Coresidence; Human Capital; Intergenerational Transfers (search for similar items in EconPapers)
JEL-codes: D12 I22 J12 (search for similar items in EconPapers)
Date: 1996-12
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Citations: View citations in EconPapers (8)

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