Parental Support for Human Capital Investment by Young Adults
AbstractThe 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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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1536.
Date of creation: Dec 1996
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- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance
- J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
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