| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15975 |
| DP15975 The Intergenerational Elasticity of Earnings: Exploring the Mechanisms | |
| Eric Baird French; Cormac O’Dea; Jamie MacCuish | |
| 发表日期 | 2021-03-27 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Using data covering a single cohort's first 55 years of life, we show that most of the intergenerational elasticity of earnings (IGE) is explained by differences in: years of schooling, cognitive skills, investments of parental time and school quality, and family circumstances during childhood. To decompose the fraction of the IGE explained by each of these channels, we implement a multi-level mediation analysis combined with a latent factor framework that accounts for measurement error. Multilevel mediation analysis allows us to assess not only the direct effect of each channel on the IGE, but also its indirect effects working through the other channels, thus providing an in-depth understanding of the link between parents' and children's earnings. Of these channels, we show that the main driver of the IGE is increased levels of parental investments received by children of high income parents early in their lives, which encourages greater cognitive development and lifetime earnings. |
| 主题 | Public Economics |
| 关键词 | Parental investments Cognitive skills Intergenerational elasticity of earnings |
| URL | https://cepr.org/publications/dp15975 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544963 |
| 推荐引用方式 GB/T 7714 | Eric Baird French,Cormac O’Dea,Jamie MacCuish. DP15975 The Intergenerational Elasticity of Earnings: Exploring the Mechanisms. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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