PARENTAL TIME INVESTMENT AND INTERGENERATIONAL MOBILITY

نویسندگان

چکیده

This article constructs an overlapping generations general equilibrium model to explore the extent which heterogeneity in time investment shapes intergenerational mobility of lifetime income. The calibrated successfully accounts for untargeted distributional aspects income mobility. Counterfactual exercises show that removing parental reduces persistence by around 7–8% early childhood but only marginally later childhood. Policy experiments find asset-tested subsidy monetary investments can raise a cost-effective way, though it substantially if given parents with older school-aged children.

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ژورنال

عنوان ژورنال: International Economic Review

سال: 2022

ISSN: ['1468-2354', '0020-6598']

DOI: https://doi.org/10.1111/iere.12602