By the same authors

Intergenerational Mobility and the Timing of Parental Income

Research output: Working paperDiscussion paper

Published copy (DOI)



Publication details

DatePublished - 14 Oct 2015
PublisherInstitute of Fiscal Studies
Place of PublicationLondon
Number of pages58
Volumecemmap working paper CWP66/15
Original languageEnglish


We extend the standard intergenerational mobility literature by modelling individual outcomes as a function of the whole history of parental income, using data from Norway. We find that, conditional on permanent income, education is maximized when income is balanced between the early childhood and middle childhood years. In addition, there is an advantage to having income
occur in late adolescence rather than in early childhood. These result are consistent with a model of parental investments in children with multiple periods of childhood, income shocks, imperfect insurance, dynamic complementarity, and uncertainty about the production function and the ability of the child.

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