| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP10557
|
| DP10557 Partial Insurance and Investments in Children |
| Pedro Carneiro; Rita Ginja
|
| 发表日期 | 2015-04-26
|
| 出版年 | 2015
|
| 语种 | 英语
|
| 摘要 | This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the literature focusing on non-durable expenditure, we find that there is only partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is that there is very little insurance available, but the fact that skill is a non-separable function of parental investments over time results in small reactions of these investments to income shocks, especially at later ages. |
| 主题 | Labour Economics
|
| 关键词 | Human capital
Insurance
|
| URL | https://cepr.org/publications/dp10557
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539389
|
推荐引用方式
GB/T 7714 |
Pedro Carneiro,Rita Ginja. DP10557 Partial Insurance and Investments in Children. 2015.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
