El Departamento de Economía de la Universidad de Chile tiene el agrado de invitar a usted a un nuevo Seminario Académico:

Título - Intergenerational Mobility and the Timing of parental income

Autores - Pedro Carneiro (University College London, IFS, CEMMAP), Italo López (RAND Corporation), Kjell G. Salvanes (Norwegian School of Economics, IZA and CEE), Emma Tominey (University of York, IZA).

Presentador - Italo López

Resumen - We extend the standard intergenerational mobility literature by modelling individual outcomes as a function of the history of parental income, as opposed to a single measure of parental income. Using data for more than 500,000 individuals in Norway, we present semi-parametric estimates of the eect of the timing of parental income on education (and other outcomes). We nd that, conditional on permanent income, education is maximized when income is balanced across adjacent periods, especially when we look at the early childhood and middle childhood years. In addition, there is an advantage to having income occur in late adolescence rather than in early childhood. We are able to explain these empirical ndings with a simple model of parental investments in children with more than one period of childhood, with imperfect credit markets, and where parents have imperfect information about future income shocks, about the production function of skill, and about the ability of the child.

El  Seminario  se realizará el miércoles 09 de septiembre de 13:00 a 14:00 hrs, en  la Sala P-307 Tercer Piso del edificio Placa de la Facultad de Economía y Negocios de la Universidad de Chile, ubicada en Diagonal Paraguay 257.