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Beliefs, parental investments, and intergenerational persistence: A formal model
Linköping University, Department of Management and Engineering, The Institute for Analytical Sociology, IAS. Linköping University, Faculty of Science & Engineering. Univ Copenhagen, Denmark.
2018 (English)In: Rationality and Society, ISSN 1043-4631, E-ISSN 1461-7358, Vol. 30, no 1, p. 108-154Article in journal (Refereed) Published
Abstract [en]

Empirical research documents persistent socioeconomic and race gaps in parental investments in children. This article presents a formal model that describes the process through which parents beliefs about the returns on investments in children evolve over time in light of new information that they receive regarding the outcomes of past investments. The model, which is based on Bayesian learning, accounts for how parents of low socioeconomic status may come to underinvest in their children because they have false low beliefs about the returns on investments. Moreover, the model describes how beliefs are transmitted across generations, thus creating dynasties of underinvesting parents who reproduce inequalities in childrens socioeconomic outcomes. Finally, this article uses National Longitudinal Survey of Youth data to provide illustrative empirical evidence on key aspects of the proposed model. The main contribution of this article is to integrate parents beliefs about returns on investments into existing models of intergenerational transmissions.

Place, publisher, year, edition, pages
SAGE PUBLICATIONS LTD , 2018. Vol. 30, no 1, p. 108-154
Keywords [en]
Beliefs; formal modeling; intergenerational transmission of resources; parental investments; rational choice theory; utility function
National Category
Philosophy
Identifiers
URN: urn:nbn:se:liu:diva-147155DOI: 10.1177/1043463117754076ISI: 000428116800004OAI: oai:DiVA.org:liu-147155DiVA, id: diva2:1199485
Note

Funding Agencies|European Research Council under the European Unions Seventh Framework Programme/ERC [312906, 324233]; Riksbankens Jubileumsfond [DNR M12-0301:1]; Swedish Research Council [DNR 445-2013-7681, DNR 340-2013-5460]

Available from: 2018-04-20 Created: 2018-04-20 Last updated: 2018-04-20

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CiteExportLink to record
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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • oxford
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf