2022 KLEIN LECTURE PARENTAL EDUCATION AND INVENTION: THE FINNISH ENIGMA

• 成果类型: Review
• 署名作者: Aghion, Philippe; Akcigit, Ufuk; Hyytinen, Ari; Toivanen, Otto
• 署名单位: University of Chicago; Hanken School of Economics; Aalto University
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12632
• 发表日期: 2023
• 页码: 453-490
• 关键词: intergenerational transmission; returns; constraints; GROWTH; MODEL

摘要

Why is invention strongly positively correlated with parental income not only in the United States but also in Finland, which displays low income inequality and high social mobility? Using data on 1.45 M Finnish individuals and their parents, we find the following: (i) the positive association between parental income and off-spring probability of inventing is greatly reduced when controlling for parental education; (ii) instrumenting for the parents having an MSc degree using distance to nearest university reveals a large causal effect of parental education on offspring probability of inventing; and (iii) the causal effect of parental education has been markedly weakened by the introduction in the early 1970s of a comprehensive schooling reform.