Discussion Paper Series in Economics, Department of Economics, Norwegian School of Economics (NHH)
Intergenerational Mobility and the Timing of Parental Income.
(), Italo Lopez Garcia
(), Kjell Gunnar Salvanes
() and Emma Tominey
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 nd 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.; (follow links to similar papers)
JEL-Codes: E24; J24; (follow links to similar papers)
43 pages, October 12, 2015
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