Publication Date
3-29-2012
Summary
Intergenerational transmission of education from parents to children has been investigated extensively, and the parent-child correlation of schooling is about .46 in the US. a high intergenerational persistence of educational attainment is not only an indicator of educational inequality but also a barrier to equal opportunities in the labor market and beyond. This study uses data from the Panel Study of Income Dynamics (PSID) to generate a sample of two cohorts of white children (’84 and ’94 cohorts), and examines whether intergenerational transmission of education varies by household economic resources, especially household assets. Results show that, in the ’94 cohort, financial assets increase the parent-child association of schooling for male children, but decrease the parent-child association for female children. In addition, financial assets and net worth have a negative interaction effect with parental education on female child’s educational attainment as measured by college completion. Research and policy implications of the findings are discussed.
Document Type
Working Paper
Category
Financial Inclusion
Subarea
Asset Building
Original Citation
Huang, J. (2012). Intergenerational transmission of educational attainment (CSD Working Paper No. 12-18). St. Louis, MO: Washington University, Center for Social Development.
Keywords
education, academic achievement, intergenerational, assets, Assets and Education Symposium
Recommended Citation
Huang, J. (2012). Intergenerational transmission of educational attainment (CSD Working Paper No. 12-18). St. Louis, MO: Washington University, Center for Social Development.
DOI: https://doi.org/10.7936/K7W37VSN