Inter-generational effect of parental time and its policy implications

Guozhong Zhu; Gulfer Vural

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Inter-generational effect of parental time and its policy implications

机译：父母时间的代际影响及其政策含义

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Motivated by the empirical fact that parents with more human capital spend more time teaching and taking care of their children, we develop and estimate a theoretical model in which altruistic parents pass their human capital on in two ways: goods investment and time investment. Based on the estimated model, we quantitatively assess how the two types of investment affect wage inequality and inter-generational mobility. Using the model to study the impacts of a public policy that taxes income to finance public schooling, we find significantly different policy effects in our model than in a model where time investment does not respond endogenously to the policy.

机译：出于以下事实的动机：拥有更多人力资本的父母会花费更多时间教书和照顾孩子，我们开发并估算了一种理论模型，其中利他主义的父母通过两种方式传递其人力资本：商品投资和时间投资。基于估计的模型，我们定量评估这两种投资如何影响工资不平等和代际流动性。使用该模型研究对收入征税以资助公立学校教育的公共政策的影响，我们发现模型中的政策效果与时间投资不会对政策产生内在响应的模型有显着不同。

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来源
《Journal of Economic Dynamics and Control》 |2013年第9期|1833-1851|共19页
作者
Guozhong Zhu; Gulfer Vural;
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作者单位

Guanghua School of Management, Peking University, China;

Department of Economics, Istanbul Medeniyet University, Turkey;

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正文语种 eng
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关键词
Human capital production; Parental time investment; Wage inequality; Earnings persistence; Public schooling;

机译：人力资本生产;父母时间投资;工资不平等;收入持续存在;公立学校;

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机译：父母时间的代际影响及其政策含义

Inter-generational effect of parental time and its policy implications

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