Parental priorities and economic inequality

書誌事項

Parental priorities and economic inequality

Casey B. Mulligan

University of Chicago Press, 1997

  • : hbk
  • : pbk

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注記

Bibliography: p. [349]-359

Includes index

内容説明・目次

巻冊次

: hbk ISBN 9780226548395

内容説明

Arguing that parental actions are important sources of wealth inequality, this book investigates the transmission of economic status from one generation to the next by constructing a model of parental preferences. It offers evidence on the intergenerational transmission of consumption, earnings and wealth. In the model, parents determine the degree of their altruistic concern for their children and spend time and resources on them accordingly, just as they might make choices about how they spend money. Mulligan tests his model against both old and new evidence, including models which emphasize "financial constraints". One major prediction of Mulligan's model confirmed by the evidence is that children of wealthy parents typically spend more than they earn. Other important behaviour can also be explained using this approach, such as charitable giving and "corporate loyalty". The study should appeal to a wide range of quantitatively-oriented social scientists and sociobiologists.

目次

List of Illustrations List of Tables Acknowledgments 1: The Argument for Parental Priorities 2: Indifference Curve Diagrams as Models of Parental Priorities 3: Two Models of Opportunity and Intergenerational Mobility 4: How Altruism Is Influenced by Economic Status 5: Taxation and Intergenerational Mobility in the Three Models 6: The Evolution of Economic Inequality in the United States 7: The Intergenerational Dynamics of Consumption, Earnings, Income, and Wealth 8: Borrowing Constraints and the Persistence of Inequality 9: The Biological Origins of Altruism 10: Classical Discussions of Altruism 11: Intergenerational Altruism and Inequality within the Family 12: Altruism and Giving beyond the Family 13: Altruism and the Principal-Agent Problem 14: Conclusions A Guide to Mathematical Notation References Index
巻冊次

: pbk ISBN 9780226548401

内容説明

Arguing that parental actions are important sources of wealth inequality, this book investigates the transmission of economic status from one generation to the next by constructing a model of parental preferences. It offers evidence on the intergenerational transmission of consumption, earnings and wealth. In the model, parents determine the degree of their altruistic concern for their children and spend time and resources on them accordingly, just as they might make choices about how they spend money. Mulligan tests his model against both old and new evidence, including models which emphasize "financial constraints". One major prediction of Mulligan's model confirmed by the evidence is that children of wealthy parents typically spend more than they earn. Other important behaviour can also be explained using this approach, such as charitable giving and "corporate loyalty". The study should appeal to a wide range of quantitatively-oriented social scientists and sociobiologists.

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