Intergenerational talent transmission, inequality, and social mobility
The paper investigates the effects of intra-family talent transmission when human capital exhibits indivisibilities and parental financing of education involves borrowing constraints. Positive talent correlation reduces social mobility but steady state inequality and macroeconomic history-dependence are not affected.
|Date of creation:||Oct 2006|
|Date of revision:|
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- JÃ¤ntti, Markus & Bratsberg, Bernt & RÃ¸ed, Knut & Raaum, OddbjÃ¸rn & Naylor, Robin & Ã–sterbacka, Eva & BjÃ¸rklund, Anders & Eriksson, Tor, 2005.
"American exceptionalism in a new light: a comparison of intergenerational earnings mobility in the Nordic countries, the United Kingdom and the United States,"
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"Intergenerational mobility and macroeconomic history dependence,"
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- Dilip Mokherjee & Stefan Napel, 2006. "Intergenerational Mobility and Macroeconomic History Dependence," Discussion Papers 1, Aboa Centre for Economics.
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- Jimmy Chan & Erik Eyster, 2003. "Does Banning Affirmative Action Lower College Student Quality?," American Economic Review, American Economic Association, vol. 93(3), pages 858-872, June.
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