Parental family income and the socioeconomic attainment of children |
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| Institution: | 1. State Key Laboratory of Networking and Switching, Beijing University of Posts and Telecommunications, No. 10 Xitucheng Road, Haidian District, Beijing 100876, China;2. State Key Laboratory of Wireless Mobile Communications, China Academy of Telecommunications Technology, Beijing 100083, China;3. Xinyang Power Supply Company, Henan Electronic Power Company, Xinyang 464000, Henan, China;4. Jiangsu Engineering Centre of Network Monitoring & School of Computer and Software, Nanjing University of Information Science and Technology, Nanjing 210044, Jiangsu, China;1. Bioxeoquímica Mariña, Instituto de Investigacións Mariñas IIM-CSIC, Eduardo Cabello 6, 36208 Vigo, Pontevedra, Spain;2. Instituto Español de Ocenaografía, Centro Oceanográfico de Murcia, Varadero 1, 30740 San Pedro del Pinatar, Murcia, Spain;3. IPMA—Portuguese Institute of Sea and Atmosphere, Av. Brasilia, 1449-006 Lisbon, Portugal;4. CIIMAR, Marine and Environmental Research Center, Rua dos Bragas, 289, 4050-123 Porto, Portugal;1. Division of Medical Oncology, Department of Medicine, The Ottawa Hospital Cancer Centre, University of Ottawa, 501 Smyth Road, Ottawa, ON K1H 8L6, Canada;2. University of Ottawa, 451 Smyth Road, Ottawa, ON K1H 8M5, Canada;3. Clinical Epidemiology Program, Methods Centre, Ottawa Hospital Research Institute, 501 Smyth Road, Ottawa, ON K1H 8L6, Canada;1. Reader, Organisational Behaviour and HRM, Hull University Business School, University of Hull, (University of Hull), United Kingdom;2. Deputy Director, SOAS China Institute, SOAS, University of London, United Kingdom |
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| Abstract: | Like others before us using different data, we find significant effects of parental family income on the completed schooling and wage rates of adult children using intergenerational data from the Panel Study of Income Dynamics. We explore various hypotheses regarding these effects, finding substantial support for the economic hypothesis that income, regardless of its source, is invested by parents in their children; mixed support for the hypothesis that fathers serve as role models for their sons; and no support for the welfare dependency hypothesis. Rather than serving as positive role models, working mothers appear to have significantly less successful sons. |
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