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This paper formulates a simple skill and education model to explain how better access to higher education leads to stronger assortative mating on skills of parents and more polarized skill and earnings distributions of children. Swedish data show that in the second half of the 20th century more...
Persistent link: https://www.econbiz.de/10013472300
We analyse the evolving impact of family background on educational attainment using administrative data on 2,417,460 individuals from 1,341,403 families born in the Netherlands between 1966 and 1995. Comparisons between parents and their children reveal intergenerational elasticities between...
Persistent link: https://www.econbiz.de/10014380703
Persistent link: https://www.econbiz.de/10010191009
. Sibling peer effects, and parental income and education matter even less. …
Persistent link: https://www.econbiz.de/10011539965
after controlling for realized earnings, wealth and time-invariant unobserved characteristics such as permanent income and …
Persistent link: https://www.econbiz.de/10014249642
In this paper, we document that households' consumption expenditures depend on their expected earnings - even after controlling for realized earnings and wealth. To explain this evidence, we develop and structurally estimate a standard-incomplete markets model in which rational households...
Persistent link: https://www.econbiz.de/10013332707
We investigate whether US households possess advance information about their future income and what this means for … requires only panel data on consumption and income. Using the Panel Study of Income Dynamics, we find-in contrast to the … incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …
Persistent link: https://www.econbiz.de/10013186823
This paper uses a relatively new approach to investigate the effect of parents' schooling on child's schooling; a nonparametric bounds analysis based on Manski and Pepper (2000), using the most recent version of the Wisconsin Longitudinal Study. We start with making no assumptions and then add...
Persistent link: https://www.econbiz.de/10011376535
Does participation in a social assistance program by parents have spillovers on their children's own participation, future labor market attachment, and human capital investments? While intergenerational concerns have figured prominently in policy debates for decades, causal evidence is scarce...
Persistent link: https://www.econbiz.de/10011794447
We explore the relationship between import protection and the household distribution of income. We first develop a … of trade. Regression results suggest that import protection makes income distribution worse for countries in labor …
Persistent link: https://www.econbiz.de/10011335217