Document Type

Article

Publication Date

7-1-1996

Abstract

Within the context of an explicit model of endogenous risk, we have presented the first empirical evidence that parents discount investments which affect the adult prospects of their children. These rates, which numerous authors show affect the intergenerational transmission of human capital, are strongly influenced by household circumstances.

Publication Title

Southern Economic Journal

DOI

10.2307/1061301

Included in

Economics Commons

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