The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Intergenerational Transmission

  • Lance Lochner
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2786

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 

JEL Classifications

J12 J139 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Lance Lochner
    • 1
  1. 1.