Understanding the Effect of Parental Education and Financial Resources on the Intergenerational Transmission of Income
Bibliographic Data
| ID | 21557765 |
|---|---|
| Authors | Aiday Sikhova (The Ohio State University, corresponding author) |
| Year | 2023 |
| Volume | 41 |
| Issue | 3 |
| Pages | 771-811 |
| Publication date | 2023-07-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Labor Economics (JOURNAL) |
| Journal identifiers | ISSN: 0734-306X • E-ISSN: 1537-5307 |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/720390 |
| OpenAlex | W4223504744 |
| Language | EN |
| References cited | 40 |
There are two essential mechanisms in the canonical model of the transmission of income across generations—parents’ financial resources and parental education. I provide novel empirical evidence to disentangle the significance of these two mechanisms in explaining the intergenerational transmission of income. Utilizing two reforms and administrative data from Sweden, I find that parents’ financial resources amount to about 25% of the effect of parental education on children’s income. Additionally, I show that parents’ financial resources matter less for sons. Overall, my findings suggest a comparatively modest impact of parental financial resources on children’s income
Demographic economics · Economic growth · Economics · Family income · Labour economics · Financial Literacy, Pension, Retirement Analysis · Intergenerational and Educational Inequality Studies · Youth Education and Societal Dynamics
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The Scandinavian Fantasy
Recent Developments in Intergenerational Mobility
Wealth, Health, and Child Development
Under Pressure? The Effect of Peers on Outcomes of Young Adults
Marginal taxation on labour income in Sweden from 1862 to 2010
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Intergenerational Income Mobility Among Daughters
Educational Reform, Ability, and Family Background
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The Impacts of Neighborhoods on Intergenerational Mobility I
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Early, Late or Never? When Does Parental Education Impact Child Outcomes
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The Effect of Education on Criminal Convictions and Incarceration
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Parental Education and Parental Time with Children
Cross-Country Differences in Intergenerational Earnings Mobility
Intergenerational Earnings Mobility Among Daughters and Sons
| Citation velocity | historical |
|---|---|
| Highly cited | No |