The Impact of the Level and Timing of Parental Resources on Child Development and Intergenerational Mobility

Sadegh S. M. Eshaghnia (), James Heckman and Rasmus Landersø ()
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Sadegh S. M. Eshaghnia: Center for the Economics of Human Development (CEHD)
Rasmus Landersø: Rockwool Foundation Research Unit

No 16784, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This study explores relationships between parental resource trajectories and child development, and their implications for intergenerational mobility. By modifying the child skill formation technology to incorporate new skills during adolescence, we analyze the importance of the timing of family resources on life outcomes, educational attainment and participation in crime. Parental financial resources partially offset deficiencies in nonpecuniary inputs to children's human capital. Estimates of the intergenerational influence on child outcomes are strongly influenced by the choice of lifetime versus snapshot parental income measures. The most predictive ages of children when family resources are measured vary by the outcome analyzed.

Keywords: intergenerational elasticity; lifecycle measures; child development; compensating for family disadvantage (search for similar items in EconPapers)
JEL-codes: D31 I24 I30 (search for similar items in EconPapers)
Pages: 138 pages
Date: 2024-02
New Economics Papers: this item is included in nep-lab and nep-ltv
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Working Paper: The Impact of the Level and Timing of Parental Resources on Child Development and Intergenerational Mobility (2023)
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