persistence between parents and children's outcomes has been an active area of research. However, since Gary Solon's 1999 Chapter …

More able parents tend to have more able children. While few would question the validity of this statement, there is … estimated elasticity of intergenerational transmission of income of approximately .2 …

Parents with higher education levels have children with higher education levels. However, is this because parental … relationship between parents' education and children's education, despite significant OLS relationships. We find 2SLS estimates … education actually changes the outcomes of children, suggesting an important spillover of education policies, or is it merely …