Zhu, Guozhong and Vuralz, Gulfer (2012): Inter-generational effect of parental time and its policy implications.
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Why do parents with more human capital spend more time teaching and taking care of their children, in spite of the higher opportunity cost? How does this aect inter-generational mobility and wage inequality? Does this have any implications on the policy that provides public schooling through income taxation? We develop and estimate a theoretical model to answer these questions, in the light that parental time investment is a powerful means of transmitting human capital inter-generationally.
|Item Type:||MPRA Paper|
|Original Title:||Inter-generational effect of parental time and its policy implications|
|Keywords:||Human capital production, Parental time investment, Wage inequality, Earnings persistence, Public schooling|
|Subjects:||R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R3 - Real Estate Markets, Production Analysis, and Firm Location > R30 - General
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R2 - Household Analysis > R20 - General
E - Macroeconomics and Monetary Economics > E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E20 - General
|Depositing User:||Guozhong Zhu|
|Date Deposited:||15. Aug 2012 13:50|
|Last Modified:||14. Feb 2013 11:26|
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