Article ID Journal Published Year Pages File Type
5062222 Economics Letters 2008 5 Pages PDF
Abstract
The paper investigates the effects of intra-family talent transmission when human capital exhibits indivisibilities and parental financing of education involves borrowing constraints. Positive talent correlation reduces social mobility but steady state inequality and macroeconomic history-dependence are not affected.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Intergenerational talent transmission, inequality, and social mobility
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