PARENTS’ CURRENT INCOME, LONG-TERM CHARACTERISTICS AND CHILDREN’S EDUCATION: EVIDENCE FROM THE 1970 BRITISH COHORT STUDY

Massimiliano Bratti

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: This paper investigates the effect of parents’ current income and long-term family characteristics on individuals’ highest educational qualification obtained by age 26 using UK data from the 1970 British Cohort Study. The issues of the possible sample selection bias produced by the not completely random omission of current family income and that of its potential endogeneity are addressed, using a hot-deck multiple imputation procedure and including an indicator of child ability, respectively. I find evidence that current family income has a statistically significant positive impact on children’s education, although it is one of negligible magnitude. Long-term family characteristics are far more important.

Keywords: children; education; family income; ordered probit; hot-deck imputation (search for similar items in EconPapers)
JEL-codes: I20 J24 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2002
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https://warwick.ac.uk/fac/soc/economics/research/workingpapers/2008/twerp658.pdf

Related works:
Working Paper: Parents’ Current Income, Long-Term Characteristics and Children’s Education: Evidence from the 1970 British Cohort Study
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:658

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