Galton versus the Human Capital Approach to Inheritance
Galton versus the Human Capital Approach to Inheritance
复制标题
高尔顿与人力资本继承法对比
DOI:
--
复制
发表时间:
1999
影响因子:
8.2
通讯作者:
C. Mulligan
中科院分区:
文献类型:
--
作者:
C. Mulligan
A century ago, Francis Galton proposed a simple yet powerful model of inheritance. Gary Backer'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? I derive nine implicatiions of the human capital approach that are distinct from Galton's. Evidence from the PIS, SCF, and NLSY micro data sets as well as results reported in previous literatures suggest that four of the unique implications are refuted. two implications are verified, and mixed results are obtained for three others. Some extensions of economics recently developed by Becker and others, when applied to inheritance, may improve economics' predictions.