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intergenerational transmission
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by
Steven
N.
Durlauf
and
Lawrence
E.
Blume
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Abstract
Intergenerational transmission refers to the transfer of individual abilities, traits, behaviours and outcomes from parents to their children. This article analyses the key theoretical and empirical issues in studies of intergenerational transmission of educational attainment, welfare receipt and fertility. Mechanisms that lead to intergenerational transmission of these outcomes are discussed in detail. The role of government policy in affecting intergenerational transmission is also considered.
Keywords
ability; altruism; borrowing; credit markets; education; educational attainment; educational subsidies; fertility; human capital; inequality; instrumental variables; intergenerational correlation; intergenerational income mobility; intergenerational transmission; patience; preferences; risk aversion; skills; social mobility; twin studies; unobserved heterogeneity; welfare receipt
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How to cite this article
Lochner, Lance. "intergenerational transmission." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 19 June 2013 <http://www.dictionaryofeconomics.com/article?id=pde2008_F000317> doi:10.1057/9780230226203.0821
