The Influence Of Parental Social Capital On Children's Income

In the past 40 years of reform and opening up,China's overall strength has been continuously enhanced,and its weight on the world stage has become heavier,but the three imbalances still restrict China's economic development.The reality of the growing income gap has caused social circles and decision-making departments.Focus.Studying the influence of parental social capital on children's income has important practical significance for narrowing the gap between the rich and the poor.Higher intergenerational mobility can reduce income inequality,mean equal opportunities,and promote national economic efficiency and economic quality.There are many different perspectives on the intergenerational income flow.However,there are not many literatures on the study of intergenerational income flows from the perspective of social capital.This paper analyzes the intergenerational income flow from the perspective of social capital,and pays attention to the role of human capital as a bridge,that is,whether the social capital of parents can improve the economic income of children by affecting the accumulation and realization of their children's human capital.In the specific empirical study,according to the sample data of the China Family Dynamic Tracking Survey(CFPS)in 2014,this paper divides the social capital of parents into family gift money,the frequency of relatives,the highest education of the father and whether the father works within the system.The agent variables of four different dimensions are further processed by factor analysis method,and the education level and post and telecommunications expenditures are introduced into the model as a “bridge”.The mechanism of parental social capital affecting children's income is tested and quantified by quantiles.Analyze the return on human capital and parental social capital of different income groups.The conclusions of this paper mainly include: First,personal highest academic qualifications and parental social capital agency variables will significantly affect personal income.Second,parents' social capital can not only improve the education level of their children through the accumulation of human capital,but also help children to better realize their human capital through information transmission,affecting their children's employment and promotion,thus affecting their children's income..Third,parental social capital has an impact on different income groups.The low-income group parents' social capital has less improvement on heterogeneous resources.The high-income group parents' social capital has a lower impact on the higher resources,while the middle-income group's parental social capital can not only increase the level of access to resources,but also expand It is exposed to different types of scope,so parental social capital has a greater impact on middle-income groups.Finally,based on the empirical results,this paper proposes relevant policy recommendations from standardizing employment and recruitment policies,promoting employment equity,and improving investment in education for lowincome groups.