Accounting for intergenerational income persistence: non-cognitive skills, ability and education

Blanden, Jo, Gregg, Paul and Macmillan, Lindsey (2006) Accounting for intergenerational income persistence: non-cognitive skills, ability and education. CEEDP (73). Centre for the Economics of Education, London School of Economics and Political Science, London, UK. ISBN 07530 2084 X

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Abstract

We analyse in detail the factors that lead to intergenerational persistence among sons, where this is measured as the association between childhood family income and later adult earnings. We seek to account for the level of income persistence in the 1970 BCS cohort and also to explore the decline in mobility in the UK between the 1958 NCDS cohort and the 1970 cohort. The mediating factors considered are cognitive skills, noncognitive traits, educational attainment and labour market attachment. Changes in the relationships between these variables, parental income and earnings are able to explain over 80% of the rise in intergenerational persistence across the cohorts.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cee.lse.ac.uk
Additional Information:	© 2006 the authors
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > HD Industries. Land use. Labor L Education > L Education (General)
JEL classification:	J - Labor and Demographic Economics > J1 - Demographic Economics > J13 - Fertility; Family Planning; Child Care; Children; Youth J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc. J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J62 - Job, Occupational, and Intergenerational Mobility
Date Deposited:	15 Jul 2008 09:28
Last Modified:	11 Dec 2024 18:44
URI:	http://eprints.lse.ac.uk/id/eprint/19401

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