Does parents' money matter?

• 成果类型: Article
• 署名作者: Shea, J
• 署名单位: University System of Maryland; University of Maryland College Park
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(99)00087-0
• 发表日期: 2000
• 页码: 155-184
• 关键词: social mobility; human capital; redistribution

摘要

This paper asks whether parents' income per se has a positive impact on children's abilities. Previous research has established that income is positively correlated across generations. This does nor. prove that parents' money matters, however, since income is presumably correlated with ability. This paper estimates the impact of parents' income by focusing on income variation due to factors - union, industry, and job loss - that arguably represent luck. I find that changes in parents' income due to luck have a negligible impact on children's human capital for most families, although parents' money does matter for families whose father has low education. (C) 2000 Elsevier Science S.A. All rights reserved.