1 option
Parental priorities and economic inequality / Casey B. Mulligan.
- Format:
- Book
- Author/Creator:
- Mulligan, Casey B.
- Language:
- English
- Subjects (All):
- Families--Economic aspects--Mathematical models.
- Families.
- Parent and child--Economic aspects--Mathematical models.
- Parent and child.
- Intergenerational relations--Economic aspects--Mathematical models.
- Intergenerational relations.
- Income--Mathematical models.
- Income.
- Consumption (Economics)--Mathematical models.
- Consumption (Economics).
- Resource allocation--Mathematical models.
- Resource allocation.
- Parent and child--Economic aspects.
- Mathematical models.
- Families--Economic aspects.
- Physical Description:
- xvi, 377 pages : illustrations ; 24 cm
- Place of Publication:
- Chicago : University of Chicago Press, 1997.
- Summary:
- What determines whether children grow up to be rich or poor? Arguing that parental actions are some of the most important sources of wealth inequality, Casey B. Mulligan investigates the transmission of economic status from one generation to the next by constructing an economic model of parental preferences.
- In Mulligan's model, parents determine the degree of their altruistic concern for their children and spend time with 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 on the intergenerational transmission of consumption, earnings, and wealth, including models that 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.
- Mulligan's innovative approach can also help explain other important behavior, such as charitable giving and "corporate loyalty", and will appeal to a wide range of quantitatively oriented social scientists and sociobiologists.
- "I strongly recommend this highly innovative and stimulating study by Casey Mulligan. It should greatly influence analysis of the intergenerational transmission of inequality". -- Gary S. Becker
- Notes:
- Includes bibliographical references (pages [349]-359) and index.
- ISBN:
- 0226548392
- 0226548406
- OCLC:
- 36942584
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.