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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1, Aboa Centre for Economics.
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The Warwick Economics Research Paper Series (TWERPS)
781, University of Warwick, Department of Economics.
- 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," Memorandum 34/2005, Oslo University, Department of Economics.
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