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Title: Parental Wealth and Intergenerational Mobility
Resulting in 1 citation.
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Campbell, Lori A. |
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Parental Wealth and Intergenerational Mobility Presented: Seattle WA, American Sociological Association Annual Meeting, August 2016 Cohort(s): NLSY79 Publisher: American Sociological Association Keyword(s): College Characteristics; College Degree; Home Ownership; Income; Intergenerational Patterns/Transmission; Mobility, Economic; Parental Influences; Wealth Permission to reprint the abstract has not been received from the publisher. Much sociological research on intergenerational mobility has neglected the role of parental wealth, instead focusing on parental occupational status or prestige, family income, and parents' educational attainment. Using data from the National Longitudinal Survey of Youth, 1979, I investigate the relationship between parental wealth and intergenerational mobility. Specifically, this research focuses on two major research questions. First, are young adults who grew up in low wealth families less likely to attend selective colleges and universities than young adults who grew up in more wealthy families? While there has been some research in sociology regarding the effect of parental wealth on college attendance and graduation (Conley 2001), we know little about whether and how parental wealth affects the college selectivity and college completion of offspring. This line of research is important because students attending more selective institutions are more likely to graduate than those attending less selective institutions, and researchers have identified a "stagnant social-class gap in college completion" (Goldrick-Rab 2006), which in turn affects economic mobility in young adulthood. The second question I examine is, controlling for college completion and selectivity, what role does parental wealth play in explaining variation in economic mobility among young adults? I focus on three outcomes: young adults' employment, income, and homeownership. I demonstrate that parental wealth affects college completion, time to degree as well as college selectivity. Parental wealth also has small but significant effects on young adults' economic mobility, such as income and employment, independent of parental income and educational attainment. |
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Bibliography Citation
Campbell, Lori A. "Parental Wealth and Intergenerational Mobility." Presented: Seattle WA, American Sociological Association Annual Meeting, August 2016. |