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investment in children

Journal of Demographic Economics (1)

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GARY BECKER’S LEGACY ON INTERGENERATIONAL MOBILITY
Nezih Guner
Journal:

Journal of Demographic Economics / Volume 81 / Issue 1 / March 2015

Published online by Cambridge University Press:

24 March 2015, pp. 33-43
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How well do parents’ education, earnings, income, and wealth predict the same outcomes for their children? Scientists have been trying to answer this question for a long time. Francis Galton (1822–1911) was the first to apply statistical methods to tackle this question. Centuries earlier, the great Arab scholar Ibn Khaldun (1332–1406) famously observed that the prestige lasted at best four generations in one lineage.