We present a model of endogenous schooling and earnings to isolate the causal effect of parents' education on children …'s education and earnings outcomes. The model suggests that parents' education is positively related to children's earnings, but … regressing children's schooling on parents' schooling is mainly accounted for by the correlation between parents' schooling and …

, grandfathers matter for income transmission, above and beyond their effect on fathers' income. Second, the socio-economic status of …

household of only three people, in 1850 household size was twice that figure. Further, both the number of children and the …-family relations and focus on households as collections of roommates. The model's mechanism is that rising income leads to a falling … size, consumption patterns, and income in the cross-section at the end of the 20th century. We then project the model back …

Foster care provides substitute living arrangements to protect maltreated children. The practice is remarkably common …: it is estimated that 5 percent of children in the United States are placed in foster care at some point during childhood …. These children exhibit poor outcomes as children and adults, and economists have begun to estimate the causal relationship …

displays low income inequality and high social mobility? Using data on 1.45M Finnish individuals and their parents, we find …Why is invention strongly positively correlated with parental income not only in the US but also in Finland which … that: (i) the positive association between parental income and off-spring probability of inventing is greatly reduced when …

that are most effective for their children. Contrary to these arguments, empirical evidence suggests that parents may not …Proponents of school choice argue that it improves educational outcomes by allowing parents to self-select into schools …

We develop a multi-agent model of the education production function where investments of students, parents, and … survey data and a mandate to randomly assign students to classrooms. Consistent with our model, we show that exposure to …

-birthweight children. This targeting heavily oversampled twins, whose outcomes differed significantly from singletons'. Singletons' gains …-term gains and negative age-18 impacts. These outcome differences arise from differences in parents' response to the program. A …