Eshaghnia, Sadegh S. M.; Heckman, James J.; Landersø, … - National Bureau of Economic Research - 2024
uncertainty about future income. We identify the effects of parents' resources on child outcomes through policy shocks at … different childhood ages that affect family investments. Parents' expected lifetime resources are stronger predictors of child … outcomes than the income measures traditionally used in the literature on social mobility. Moreover, while effects estimated …