Parental Support for Human Capital Investment by Young Adults

The paper develops two models in which parents support their adult child’s human capital investment through financial transfers and/or coresidence. In one, parents are altruistic, and in the other they make loans to children for purely selfish reasons. Econometric estimates using the first four waves of the British Household Panel Study lend more support to the altruistic motivation for support and indicate substitution between the two kinds of support.

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Year of publication:	1996-12
Authors:	Ermisch, John F
Institutions:	C.E.P.R. Discussion Papers
Subject:	Coresidence \| Human Capital \| Intergenerational Transfers

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1536
Classification:	D12 - Consumer Economics: Empirical Analysis ; I22 - Educational Finance ; J12 - Marriage; Marital Dissolution; Family Structure
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005666489