Parental Family Income and the Socioeconomic Attainment of Children

摘要: Abstract Like others before us using different data, we find significant effects of parental family income on the completed schooling and wage rates adult children intergenerational data from Panel Study Income Dynamics. We explore various hypotheses regarding these effects, finding substantial support for economic hypothesis that income, regardless its source, is invested by parents in their children; mixed fathers serve as role models sons; no welfare dependency hypothesis. Rather than serving positive models, working mothers appear to have significantly less successful sons.