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Books > Social sciences > Sociology, social studies > Social groups & communities
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Parental Priorities and Economic Inequality (Paperback, New edition)
Loot Price: R1,307
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Parental Priorities and Economic Inequality (Paperback, New edition)
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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.
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