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Malloy, Liam C. – Education Economics, 2015
Existing empirical work looking at the effects of parental income on IQ, schooling, wealth, race, and personality is only able to explain about half of the observed intergenerational income elasticity. This paper provides a possible behavioral explanation for this elasticity in which heterogeneous agents in sequential generations choose their…
Descriptors: Income, Generational Differences, Mobility, Educational Attainment
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Leker, Laura; Ponthiere, Gregory – Education Economics, 2015
Following Ben-Porath [1967. "The Production of Human Capital and the Life-Cycle of Earnings." "Journal of Political Economy" 75 (3): 352-365], the influence of life expectancy on education and on human capital has attracted much attention among growth theorists. Whereas existing growth models rely on an education decision made…
Descriptors: Human Capital, Expectation, Educational Attainment, Decision Making