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Intergenerational return to human capital

Author

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  • Paul J. Devereux

    (University College Dublin, Ireland, and IZA, Germany)

Abstract

Governments invest a lot of money in education, so it is important to understand the benefits of this spending. One essential aspect is that education may make people better parents and thus improve the educational and employment outcomes of their children. Interventions that encourage the educational attainment of children from poorer families will reduce inequality in current and future generations. In addition to purely formal education, much less expensive interventions to improve parenting skills, such as parental involvement programs in schools, may also improve child development.

Suggested Citation

  • Paul J. Devereux, 2014. "Intergenerational return to human capital," IZA World of Labor, Institute of Labor Economics (IZA), pages 1-19, May.
    • Handle: RePEc:iza:izawol:journl:y:2014:n:19
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    References listed on IDEAS

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    Cited by:

    1. Michele Raitano & Francesco Vona, 2015. "From the Cradle to the Grave: the Effect of Family Background on the Career Path of Italian Men," Working Papers 2015.74, Fondazione Eni Enrico Mattei.
    2. Gu, Xiang & Hua, Sheng & McKenzie, Tom & Zheng, Yanqiao, 2022. "Like father, like son? Parental input, access to higher education, and social mobility in China," China Economic Review, Elsevier, vol. 72(C).
    3. van der Weide, Roy & Lakner, Christoph & Mahler, Daniel Gerszon & Narayan, Ambar & Gupta, Rakesh, 2024. "Intergenerational mobility around the world: A new database," Journal of Development Economics, Elsevier, vol. 166(C).

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    More about this item

    Keywords

    education; intergenerational mobility; child development;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy

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