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Title: Explaining Intergenerational Mobility: The Role of Fertility and Family Transfers
Resulting in 1 citation.
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Daruich, Diego Kozlowski, Julian |
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Explaining Intergenerational Mobility: The Role of Fertility and Family Transfers Review of Economic Dynamics 36 (April 2020): 220-245. Also: https://www.sciencedirect.com/science/article/pii/S1094202518305702 Cohort(s): NLSY79 Publisher: Society for Economic Dynamics Keyword(s): Family Size; Fertility; Intergenerational Patterns/Transmission; Mobility; Panel Study of Income Dynamics (PSID); Transfers, Family Permission to reprint the abstract has not been received from the publisher. Poor families have more children and transfer less resources to them. This suggests that family decisions about fertility and transfers dampen intergenerational mobility. To evaluate the quantitative importance of this mechanism, we extend the standard heterogeneous-agent life cycle model with earnings risk and credit constraints to allow for endogenous fertility, family transfers, and education. The model, estimated to the US in the 2000s, implies that a counterfactual flat income-fertility profile would--through the equalization of initial conditions--increase intergenerational mobility by 6%. The impact of a counterfactual constant transfer per child is twice as large. |
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Bibliography Citation
Daruich, Diego and Julian Kozlowski. "Explaining Intergenerational Mobility: The Role of Fertility and Family Transfers." Review of Economic Dynamics 36 (April 2020): 220-245.
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