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The Impact of the Level and Timing of Parental Resources on Child Development and Intergenerational Mobility

Author

Listed:
  • Eshaghnia, Sadegh S. M.

    (Center for the Economics of Human Development (CEHD))

  • Heckman, James J.

    (University of Chicago)

  • Landerso, Rasmus

    (Rockwool Foundation Research Unit)

Abstract

This study explores relationships between parental resource trajectories and child development, and their implications for intergenerational mobility. By modifying the child skill formation technology to incorporate new skills during adolescence, we analyze the importance of the timing of family resources on life outcomes, educational attainment and participation in crime. Parental financial resources partially offset deficiencies in nonpecuniary inputs to children's human capital. Estimates of the intergenerational influence on child outcomes are strongly influenced by the choice of lifetime versus snapshot parental income measures. The most predictive ages of children when family resources are measured vary by the outcome analyzed.

Suggested Citation

  • Eshaghnia, Sadegh S. M. & Heckman, James J. & Landerso, Rasmus, 2024. "The Impact of the Level and Timing of Parental Resources on Child Development and Intergenerational Mobility," IZA Discussion Papers 16784, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp16784
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    References listed on IDEAS

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    1. Martin Browning & Olivier Donni & Mette Gørtz, 2021. "Do you have time to take a walk together? Private and joint time within the household," The Economic Journal, Royal Economic Society, vol. 131(635), pages 1051-1080.
    2. Browning,Martin & Chiappori,Pierre-André & Weiss,Yoram, 2014. "Economics of the Family," Cambridge Books, Cambridge University Press, number 9780521795395.
    3. Sadegh Eshaghnia & James J. Heckman & Rasmus Landersø & Rafeh Qureshi, 2022. "Intergenerational Transmission of Family Influence," NBER Working Papers 30412, National Bureau of Economic Research, Inc.
    4. Pedro Carneiro & Italo López García & Kjell G. Salvanes & Emma Tominey, 2021. "Intergenerational Mobility and the Timing of Parental Income," Journal of Political Economy, University of Chicago Press, vol. 129(3), pages 757-788.
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    More about this item

    Keywords

    intergenerational elasticity; lifecycle measures; child development; compensating for family disadvantage;
    All these keywords.

    JEL classification:

    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

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