2004 Chapters (Layout Features)

Living standard potential and the transmission of advantage in Chile

Spilerman, Seymour; Torche, Florencia

This paper examines the influence of parental resources on the living standards of adult children, in terms of both the effects through educational attainment and income, and the impact of direct wealth transfers. Information on the resources of both parental sets are examined. The findings suggest that parental wealth influences children's wealth largely through direct transfers rather than through investments in education and earnings.