This paper investigates two questions. First, what is the relative importance of the components of childhood family environment—parental values versus parental class status—for young adult economic outcomes? Second, are interracial differences in labor market outcomes fully explained by differences in family environment? We find that both family values and family class status affect intergenerational mobility and inter-racial inequality. Consideration of racial differences in parental values and class status alters but does not eliminate the impact of race on the labor market outcomes of young adults.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
11327.
Length: Date of creation: 2007 Date of revision: Publication status: Published in Intergenerational mobility and interraical inequality:the return to family values 1.46(2007): pp. 51-80 Handle: RePEc:pra:mprapa:11327
Find related papers by JEL classification: Z1 - Other Special Topics - - Cultural Economics J62 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Job, Occupational and Intergenerational Mobility; Promotion J7 - Labor and Demographic Economics - - Labor Discrimination
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