An Analysis on Mechanism and Motivation of Intergenerational Transmission of Human Capital

Abstract

Currently, our country is in the period of social transition, the widening gap between the rich and the poor, social class curing are directly related to intergenerational transmission of human capital. This paper, from the perspective of economics, combining discipline sociology, and behavioral science knowledge, analyses the mechanism and motivation of intergenerational transmission of human capital, and discusses the motivation practical application of intergenerational transmission of human capital in our country. At present, China is in a period of social transformation, the gap between rich and poor is wider, social structure is harden, second generation is frequent, which are all questioning China's social fair mechanism, and the crux of the issue is closely related to the intergenerational transmission of human capital. From the theory of intergenerational transmission literature review of human capital at home and abroad, it is found that a large number of empirical research is developed in European and America developed countries data context, [1][2][3][4] research in developing countries is rarer, and Asia background research is lesser. Over more than 30 years China's reform and opening up, a unique model of socio-economic development is created and study on the intergenerational transmission of human capital in China should have a more typical significance. Research in our country more takes the intergenerational transmission of human capital as an explanatory variable of income, poverty and other issues’ intergenerational transmission, [5][6][7][8] and less truly focuses on the theoretical issues such as mechanism, motivation and ways of intergenerational transmission of human capital. There is need for further study and exploration. From economics perspective, combining disciplines such as sociology, behavioral science knowledge, this paper analyzes mechanisms and incentive of intergenerational transmission of human capital. I. Human capital intergenerational transmission mechanism Economists tried to find evidence of intergenerational transmission from economic theory, which can include intergenerational transmission problem into economic analysis category, and can do more quantitative analysis and research, and provide the basis for economic policy formulation. From an economic point of view, the study of intergenerational is resource configuration issues across multiple generations. In intergenerational transmission of human capital, resources refer to educational achievement, health care and other human capital. Human capital intergeneration is completed through investment activities. Investments in human capital are mainly family support, public education, training, migration, of which the first two are the most common and most important investment activities, and these different types of investment main body determine that mechanisms of intergenerational transmission of human capital include both micro and macro levels.