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From Parent to Child

How do parents allocate human capital among their children? To what extent do parental decisions about resource allocation determine children's eventual economic success? The analyses in From Parent to Child explore these questions by developing and testing a model in which the earnings of children with different genetic endowments respond differently to investments in their human capital. Behrman, Pollak, and Taubman use this model to investigate issues such as parental bias in resource allocations based on gender or birth order, the extent of intergenerational mobility in income, earnings, and schooling in the United States, the relative importance of environmental and genetic factors in determining variations in schooling; and whether parents' distributions offset the intended effects of government programs designed to subsidize children. In allocating scarce resources, parents face a trade-off between equity and efficiency, between the competing desires to equalize the wealth of their children and to maximize the sum of their earnings. Building critically on the seminal work of Gary Becker, From Parent to Child integrates careful modeling of household behavior with systematic empirical testing, and will appeal to anyone interested in the economics of the family.
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Table of Contents

Introduction 1: Parental Preferences and Provision for Progeny Jere R. Behrman, Robert A. Pollak, Paul Taubman. 2: Family Resources, Family Size, and Access to Financing for College Education Jere R. Behrman, Robert A. Pollak, Paul Taubman. 3: Do Parents Favor Boys? Jere R. Behrman, Robert A. Pollak, Paul Taubman. 4: Birth Order, Schooling, and Earnings Jere R. Behrman, Paul Taubman. 5: The Wealth Model: Efficiency in Education and Distribution in the Family Jere R. Behrman, Robert A. Pollak, Paul Taubman. 6: A Transaction Cost Approach to Families and Households Robert A. Pollak 7: Tied Transfers and Paternalistic Preferences Robert A. Pollak 8: Is Child Schooling a Poor Proxy for Child Quality? Jere R. Behrman 9: Schooling and Other Human Capital Investments: Can the Effects Be Identified? Jere R. Behrman 10: Intergenerational Earnings Mobility in the United States: Some Estimates and a Test of Becker's Intergenerational Endowments Model Jere R. Behrman, Paul Taubman. 11: The Intergenerational Correlation between Children's Adult Earnings and Their Parents' Income: Results from the Michigan Panel Survey of Income Dynamics Jere R. Behrman, Paul Taubman. 12: On Heritability Paul Taubman 13: Is Schooling "Mostly in the Genes"? Nature-Nurture Decomposition Using Data on Relatives Jere R. Behrman, Paul Taubman. 14: Measuring the Impact of Environmental Policies on the Level and Distribution of Earnings Paul Taubman References Author Index Subject Index

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