Discussion paper

DP1536 Parental Support for Human Capital Investment by Young Adults

The paper develops two models in which parents support their adult child?s human capital investment through financial transfers and/or coresidence. In one, parents are altruistic, and in the other they make loans to children for purely selfish reasons. Econometric estimates using the first four waves of the British Household Panel Study lend more support to the altruistic motivation for support and indicate substitution between the two kinds of support.

£6.00
Citation

Ermisch, J (1996), ‘DP1536 Parental Support for Human Capital Investment by Young Adults‘, CEPR Discussion Paper No. 1536. CEPR Press, Paris & London. https://cepr.org/publications/dp1536

A computer class at a rural secondary school in La Ceja del Tambo, Colombia
Charlotte Kesl/World Bank
VoxEU Column

Quantifying the link between educational policies and macroeconomic productivity

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
  • Education
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  • Productivity and Innovation