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SWITCHING REGRESSION ESTIMATES OF THE INTERGENERATIONAL PERSISTENCE OF CONSUMPTION.

The influential economic theory of intergenerational transfers predicts a negative connection between credit constraints and intergenerational mobility of consumption. Existing work has used bequest receipt to signal a parent's access to credit markets when investing in his children's human capital....

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Published in:Economic Inquiry Vol. 52; no. 4; pp. 1503 - 1525
Main Author: GUO, SHENG
Format: Article
Published: Wiley-Blackwell Oct2014
Subjects:
United States
Intergenerational relations
Human capital
Credit
Economic mobility
Consumption (Economics)
Economic status
Inheritance & succession
Economics
Online Access:View this record in EBSCOhost