A Test of the Becker-Tomes Model of Human Capital Transmission Using Microdata on Four Generations
2014 (English)In: Journal of Human Capital, ISSN 1932-8575, Vol. 8, no 1, 80-96 p.Article in journal (Refereed) Published
We estimate the well-known Becker-Tomes model of intergenerational transmission of human capital. A Swedish data set, which links individual measures on educational attainments of four generations, enables us to use great-grandparents' education as an instrumental variable. The identifying assumption, which holds within the Becker-Tomes framework, is that great-grandparents' education is unrelated to great-grandchildren's education, conditional on the education of the parent and grandparent. We test the model's prediction that the structural parameter for grandparents' education enters with a negative sign in an intergenerational regression model.
Place, publisher, year, edition, pages
2014. Vol. 8, no 1, 80-96 p.
IdentifiersURN: urn:nbn:se:su:diva-107193DOI: 10.1086/674104ISI: 000340327100003OAI: oai:DiVA.org:su-107193DiVA: diva2:744264