search query: @author Mulligan, C. / total: 5
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| Author: | Mulligan, C. |
| Title: | Galton versus the human capital approach to inheritance |
| Journal: | Journal of Political Economy
1999 : DEC, VOL. 107:6, part 2, p. S184-S224 |
| Index terms: | POLITICAL ECONOMY HUMAN CAPITAL ECONOMICS |
| Language: | eng |
| Abstract: | A century ago, Francis Galton proposed a simple yet powerful model of inheritance. Gary Becker's human capital model is often used to analyze important empirical and policy questions, but does it dominate Galton's from a positive point of view? The author derives nine implications of the human capital approach that are distinct from Galton's. Evidence from the PSID, SCF, and NLSY micro data sets as well as results reported in previous literatures suggest that four of the unique implications are refuted. |
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