Intergenerational altruism and transfers of time and money. A life cycle perspective.

Autor/inn/en	Bolt, Uta; French, Eric; Hentall-MacCuish, Jamie; O'Dea, Cormac
Titel	Intergenerational altruism and transfers of time and money. A life cycle perspective.
Quelle	[London]: Institute for Fiscal Studies (2023), ca. 71 S. PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2) Link als defekt meldenVerfügbarkeit
Reihe	Working paper / lnstitute for Fiscal Studies. 23, 11
Beigaben	Illustrationen
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
DOI	10.1920/wp.ifs.2023.1123
Schlagwörter	Hypothese; Schätzung; Altruismus; Übertragung; Lebenszyklus; Generation; Generationenbeziehung; Bildungsertrag; Gerechtigkeit; Bildungsinvestition; Zeit; Generationswechsel; Großbritannien
Abstract	Parental investments significantly impact children's outcomes. Exploiting panel data covering individuals from birth to retirement, we estimate child skill production functions and embed them into an estimated dynastic model in which altruistic mothers and fathers make investments in their children. We find that time investments, educational investments, and assortative matching have a greater impact on generating inequality and intergenerational persistence than cash transfers. While education subsidies can reduce inequality, due to an estimated dynamic complementarity between time investments and education, it is crucial to announce them in advance to allow parents to adjust their investments when their children are young.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2024/1