Arnaud Chevalier|Colm Harmon|Vincent O’ Sullivan|Ian Walker
The impact of parental income and education on the schooling of their children
Royal Holloway University of London|University of Sydney|Trinity College Dublin|Lancaster University
abstract investigate relationship early schoolleaving parental education paternal income using uk labour force survey data ols estimation reveals modest effects income stronger effects maternal education relative paternal stronger effects sons daughters using iv simultaneously model endogeneity parental education income maternal education effect disappears paternal education remains significant daughters favourite specification proxy permanent income paternal income becomes insignificant thus policies alleviating income constraints alter schooling decisions may effective policies increase permanent income jel codes i20 j62