Family Structures and Family Values in the Theory of Income Distribution

This paper analyzes household decisions concerning education and bequest. Specifically, an integrated model of life-cycle savings and investment in human capital is used to investigate the effects of two institutional dimensions: (1) family generational structures and (2) family values placed on int...

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Bibliographic Details
Published inThe Journal of political economy Vol. 83; no. 5; pp. 987 - 1008
Main Author Ishikawa, Tsuneo
Format Journal Article
LanguageEnglish
Published Chicago The University of Chicago Press 01.10.1975
University of Chicago Press
University of Chicago, acting through its Press
Subjects
Altruism
Bequests
Children
ECONOMIC THEORY
EDUCATION
FAMILY
Family values
HEAVILY EMPHASIZES METHODOLOGY OR TECHNIQUE OF STUDY
Household consumption
Households
HUMAN RESOURCE, HUMAN RESOURCE DEVELOPMENT, ETC
INCOME
Income distribution
Income inequality
Parents
Political economy
Structure
Values
Wealth
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Summary:This paper analyzes household decisions concerning education and bequest. Specifically, an integrated model of life-cycle savings and investment in human capital is used to investigate the effects of two institutional dimensions: (1) family generational structures and (2) family values placed on intergenerational welfare. The analysis shows that these two dimensions are, in fact, important determinants of the size distribution of income both in the short run and in the long run.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:0022-3808
1537-534X
DOI:10.1086/260373