Partial Insurance and Investments in Children
Partial Insurance and Investments in Children
复制标题
部分保险和儿童投资
DOI：
10.1111/ecoj.12421
复制
发表时间：
2015
期刊：
影响因子：
--
通讯作者：
Rita Ginja
中科院分区：
文献类型：
--
作者：
P. Carneiro;Rita Ginja
This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the literature focusing on non-durable expenditure, we find that there is only partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is that there is very little insurance available, but the fact that skill is a non-separable function of parental investments over time results in small reactions of these investments to income shocks, especially at later ages.
影响因子：
4.6
作者：
Yeung, WJ;Linver, MR;Brooks-Gunn, J
通讯作者：
Brooks-Gunn, J