On the Intergenerational Transmission of Economic Status
We present a model in which human capital investments occur over the life cycle and across generations, à la Becker and Tomes. The human capital technology features multiple stages of childhood investments, college, and life cycle accumulation. The model can explain a wide range of intergenerational...
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| Veröffentlicht in: | The Journal of political economy 2019-04, Vol.127 (2), p.855-921 |
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| Hauptverfasser: | , |
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| container_end_page | 921 |
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| container_issue | 2 |
| container_start_page | 855 |
| container_title | The Journal of political economy |
| container_volume | 127 |
| creator | Lee, Sang Yoon (Tim) Seshadri, Ananth |
| description | We present a model in which human capital investments occur over the life cycle and across generations, à la Becker and Tomes. The human capital technology features multiple stages of childhood investments, college, and life cycle accumulation. The model can explain a wide range of intergenerational relationships while remaining empirically consistent with cross-sectional inequality. Much of the latter is determined by early investments in children, so that borrowing constraints faced by young parents are important for understanding the persistence of economic status across generations. Education subsidies, especially early on, can significantly reduce the intergenerational persistence of economic status. |
| doi_str_mv | 10.1086/700765 |
| format | Article |
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Education subsidies, especially early on, can significantly reduce the intergenerational persistence of economic status.</description><subject>Accumulation</subject><subject>Capital investments</subject><subject>Childhood</subject><subject>Early childhood education</subject><subject>Economic status</subject><subject>Economic theory</subject><subject>Human capital</subject><subject>Inequality</subject><subject>Intergenerational relationships</subject><subject>Intergenerational transmission</subject><subject>Political economy</subject><subject>Subsidies</subject><subject>Technology</subject><issn>0022-3808</issn><issn>1537-534X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><recordid>eNpdkUtr3DAQgEVp6G4e_QcFQ0PoxYleHsmXQAjbJhDIIRvITciyvOvFK20luZB_HwUvW5K5DMN8fMwDoe8EXxIs4UpgLKD6guakYqKsGH_5iuYYU1oyieUMHce4wTkIZt_QjDECFAieI_noirS2xb1LNqyss0Gn3js9FMugXdz2Meay8F2xMN75bW-Kp6TTGE_RUaeHaM_2-QQ9_14sb-_Kh8c_97c3D6XhUqSSQsuB1brlojE1GKjalhIjG8GYxZQzI7XoaFU3hmFoqCC8kcZCRTntutqyE3Q9eXdjs7WtsS4FPahd6Lc6vCqve_Wx4_q1Wvl_SgDn-TJZ8GsvCP7vaGNSeSljh0E768eoKK9kDZSSOqM_P6EbP4Z8jExRyQVlQHimLibKBB9jsN1hGILV-zPU9IwMnk_gaNa90Su_CzbG_84D9mPCNjH5cJBRkBwAMHsDGS2Pfw</recordid><startdate>20190401</startdate><enddate>20190401</enddate><creator>Lee, Sang Yoon (Tim)</creator><creator>Seshadri, Ananth</creator><general>University of Chicago Press</general><general>The University of Chicago Press</general><general>University of Chicago, acting through its Press</general><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><scope>7X8</scope><scope>5PM</scope></search><sort><creationdate>20190401</creationdate><title>On the Intergenerational Transmission of Economic Status</title><author>Lee, Sang Yoon (Tim) ; Seshadri, Ananth</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c487t-26d4639ad47bc96c65dd21c8b733e0243c8a7f259bc306b2714b8ce65242ff9e3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>Accumulation</topic><topic>Capital investments</topic><topic>Childhood</topic><topic>Early childhood education</topic><topic>Economic status</topic><topic>Economic theory</topic><topic>Human capital</topic><topic>Inequality</topic><topic>Intergenerational relationships</topic><topic>Intergenerational transmission</topic><topic>Political economy</topic><topic>Subsidies</topic><topic>Technology</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Lee, Sang Yoon (Tim)</creatorcontrib><creatorcontrib>Seshadri, Ananth</creatorcontrib><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><collection>MEDLINE - Academic</collection><collection>PubMed Central (Full Participant titles)</collection><jtitle>The Journal of political economy</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Lee, Sang Yoon (Tim)</au><au>Seshadri, Ananth</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>On the Intergenerational Transmission of Economic Status</atitle><jtitle>The Journal of political economy</jtitle><date>2019-04-01</date><risdate>2019</risdate><volume>127</volume><issue>2</issue><spage>855</spage><epage>921</epage><pages>855-921</pages><issn>0022-3808</issn><eissn>1537-534X</eissn><abstract>We present a model in which human capital investments occur over the life cycle and across generations, à la Becker and Tomes. 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| ispartof | The Journal of political economy, 2019-04, Vol.127 (2), p.855-921 |
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| language | eng |
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| source | University of Chicago Press Journals; EBSCOhost Business Source Complete |
| subjects | Accumulation Capital investments Childhood Early childhood education Economic status Economic theory Human capital Inequality Intergenerational relationships Intergenerational transmission Political economy Subsidies Technology |
| title | On the Intergenerational Transmission of Economic Status |
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