Parents' discount rate and the intergenerational transmission of cognitive skills

Mark D. Agee, Thomas D. Crocker

Research output: Contribution to journalArticlepeer-review

12 Scopus citations

Abstract

We use estimates of parents' discount rate, inferred from their decisions to treat their children's body burdens of lead, to test empirically a model of transmission of cognitive skills from parents to children. The development of a child's cognitive skills depends in part upon the specific environment in which the skills are nurtured. The parental discount rate serves as a theoretically well defined index for a broad array of nurturing investments in the child. We find that children whose parents have a lower estimated discount rate exhibit higher assessed cognitive skills.

Original languageEnglish (US)
Pages (from-to)143-154
Number of pages12
JournalEconomica
Volume69
Issue number273
DOIs
StatePublished - Jan 1 2002

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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