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Intergenerational talent transmission, inequality, and social mobility

Stefan Napel () and Andrea Schneider ()

No 52/2006, Working Paper from Helmut Schmidt University, Hamburg

Abstract: 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
Date: 2006-10
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Journal Article: Intergenerational talent transmission, inequality, and social mobility (2008) Downloads
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