期刊名称：Discussion Papers / Norwegian School of Economics and Business Administration
印刷版ISSN：0804-6824
出版年度：2015
卷号：2015
出版社：Bergen
摘要：We extend the standard intergenerational mobility literature by modelling individual outcomesas a function of the whole history of parental income, using data from Norway. We nd that,conditional on permanent income, education is maximized when income is balanced between theearly childhood and middle childhood years. In addition, there is an advantage to having incomeoccur in late adolescence rather than in early childhood. These result are consistent with a modelof parental investments in children with multiple periods of childhood, income shocks, imperfectinsurance, dynamic complementarity, and uncertainty about the production function and the abilityof the child
