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cwp661515.pdf
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We extend the standard intergenerational mobility literature by modelling individual outcomes as a function of the whole history of parental income, using data from Norway. We find that, conditional on permanent income, education is maximized when income is balanced between the early childhood and middle childhood years. In addition, there is an advantage to having income occur in late adolescence rather than in early childhood. These result are consistent with a model of parental investments in children with multiple periods of childhood, income shocks, imperfect insurance, dynamic complementarity and uncertainty about the production function and the ability of the child.
Authors
![Pedro Carneiro](/sites/default/files/styles/square_desktop/public/2022-07/Pedro_Carneiro.jpg?itok=jj8qq067)
Research Fellow University College London
Pedro is a Professor of Economics at University College London and an economist in the IFS' Centre for Microdata Methods and Practice (cemmap).
![Person graphic](/sites/default/files/styles/square_desktop/public/2022-06/IFS-person-graphic.png?itok=hWCtTSrz)
Kjell G. Salvanes
![Person graphic](/sites/default/files/styles/square_desktop/public/2022-06/IFS-person-graphic.png?itok=hWCtTSrz)
Italo Lopez Garcia
![Person graphic](/sites/default/files/styles/square_desktop/public/2022-06/IFS-person-graphic.png?itok=hWCtTSrz)
Lecturer University of York
Working Paper details
- DOI
- 10.1920/wp.cem.2015.6615
- Publisher
- cemmap
Suggested citation
Carneiro, P et al. (2015). Intergenerational mobility and the timing of parental income. London: cemmap. Available at: https://ifs.org.uk/publications/intergenerational-mobility-and-timing-parental-income (accessed: 30 June 2024).
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