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Parental Priorities and Economic Inequality PDF
By:Casey B. Mulligan
Published on 1997 by University of Chicago Press

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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.

This Book was ranked at 22 by Google Books for keyword Income Inequality.

Book ID of Parental Priorities and Economic Inequality's Books is V01xvdfr29gC, Book which was written byCasey B. Mulliganhave ETAG "CVK0m4bfP58"

Book which was published by University of Chicago Press since 1997 have ISBNs, ISBN 13 Code is 9780226548401 and ISBN 10 Code is 0226548406

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Book which have "377 Pages" is Printed at BOOK under CategoryBusiness and Economics

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