Parents' current income, long-term characteristics and children's education: evidence from the 1970 British Cohort Study
Bratti, Massimiliano (2002) Parents' current income, long-term characteristics and children's education: evidence from the 1970 British Cohort Study. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.658).
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This paper investigates the effect of parents’ current income and long-term family characteristics on individuals’ highest educational qualification obtained by age 26 using UK data from the 1970 British Cohort Study. The issues of the possible sample selection bias produced by the not completely random omission of current family income and that of its potential endogeneity are addressed, using a hot-deck multiple imputation procedure and including an indicator of child ability, respectively. I find evidence that current family income has a statistically significant positive impact on children’s education, although it is one of negligible magnitude. Long-term family characteristics are far more important.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HN Social history and conditions. Social problems. Social reform
L Education > L Education (General)
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Wages -- Effect of education on, Intergenerational relations -- Great Britain, Parent and child -- Great Britain, Education -- Parent participation|
|Series Name:||Warwick economic research papers|
|Publisher:||University of Warwick, Department of Economics|
|Place of Publication:||Coventry|
|Number of Pages:||44|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
 Becker, G. (1975) Human Capital. Chicago: Chicago University Press.
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