Parents’ Current Income, Long-Term Characteristics And Children’S Education : Evidence From The 1970 British Cohort Study
AbstractThis paper investigates the effect of parents’ current income and long-term family characteristics on individuals’ highest educational qualification obtained by age 26 using UK data from the 1970 British Cohort Study. The issues of the possible sample selection bias produced by the not completely random omission of current family income and that of its potential endogeneity are addressed, using a hot-deck multiple imputation procedure and including an indicator of child ability, respectively. I find evidence that current family income has a statistically significant positive impact on children’s education, although it is one of negligible magnitude. Long-term family characteristics are far more important.
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Bibliographic InfoPaper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 658.
Length: 44 pages
Date of creation: 2002
Date of revision:
children ; education ; family income ; ordered probit ; hot-deck imputation;
Find related papers by JEL classification:
- I20 - Health, Education, and Welfare - - Education - - - General
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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