Understanding the Effect of Parental Education and Financial Resources on the Intergenerational Transmission of Income
利用瑞典改革和行政数据，分离父母经济资源与教育对子女收入的影响，发现经济资源贡献约占教育效应的25%，且对儿子影响较小。
There are two essential mechanisms in the canonical model of the transmission of income across generations—parents’ financial resources and parental education. I provide novel empirical evidence to disentangle the significance of these two mechanisms in explaining the intergenerational transmission of income. Utilizing two reforms and administrative data from Sweden, I find that parents’ financial resources amount to about 25% of the effect of parental education on children’s income. Additionally, I show that parents’ financial resources matter less for sons. Overall, my findings suggest a comparatively modest impact of parental financial resources on children’s income.