Intergenerational talent transmission, inequality, and social mobility
Stefan Napel () and
Andrea Schneider ()
No 52/2006, Working Paper from Helmut Schmidt University, Hamburg
The paper investigates the effects of intra-family talent transmission when human capital exhibits indivisibilities and parental financing of education involves borrowing constraints. Positive talent correlation reduces social mobility but steady state inequality and macroeconomic history-dependence are not affected.
Keywords: Intergenerational mobility; Inequality; Occupational choice; History- dependence (search for similar items in EconPapers)
JEL-codes: D31 D91 E25 I21 J24 J62 O15 (search for similar items in EconPapers)
Pages: 18 pages
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Journal Article: Intergenerational talent transmission, inequality, and social mobility (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:vhsuwp:2006_052
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