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Intergenerational Mobility and the Timing of Parental Income

Pedro Carneiro (), Italo Lopez Garcia (), Kjell G Salvanes () and Emma Tominey ()

No 9479, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We extend the standard intergenerational mobility literature by modelling individual outcomes as a function of the whole history of parental income, using data from Norway. We find that, conditional on permanent income, education is maximized when income is balanced between the early childhood and middle childhood years. In addition, there is an advantage to having income occur in late adolescence rather than in early childhood. These result are consistent with a model of parental investments in children with multiple periods of childhood, income shocks, imperfect insurance, dynamic complementarity, and uncertainty about the production function and the ability of the child.

Keywords: child human capital; intergenerational mobility; parental income timing; semiparametric estimation (search for similar items in EconPapers)
JEL-codes: J24 E24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge, nep-ltv and nep-mac
Date: 2015-11
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Related works:
Working Paper: Intergenerational Mobility and the Timing of Parental Income (2015) Downloads
Working Paper: Intergenerational mobility and the timing of parental income (2015) Downloads
Working Paper: Intergenerational Mobility and the Timing of Parental Income (2015) Downloads
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