This paper develops a new methodology to analyze how parents in Rajasthan, India make choices about their daughters …' schooling and marriage. We specify a dynamic discrete choice model in which parents face uncertainty about the quality of their … daughter's future marriage offers. Parents' choices are thus partially driven by their beliefs about the likelihood of …

leaving (at age 16) may be due to variations in permanent income, parental education levels, and shocks to income at this age … effects on sons than daughters. We find that the education effects remain significant even when household income is included …. Moreover, decomposing the income when the child is 16 between a permanent component and shocks to income at age 16 only the …

We study the intergenerational effects of maternal education on children's cognitive achievement, behavioral problems … 1979 (NLSY79) and their children, we can control for mother's ability and family background factors. Our results show … substantial intergenerational returns to education. For children aged 7-8, for example, our IV results indicate that an additional …

, household income, and household wealth - and the health outcomes investigated span multiple dimensions as well. International …-country differences in levels of income equality and mortality as among the most compelling evidence that unequal societies have negative … top. This social health gradient exists whether education, income, or financial wealth is used as the marker of SES. While …

In this paper we reassess the evidence on labor income risk. There are two leading views on the nature of the income … process in the current literature. The .first view, which we call the .Restricted Income Profiles.(RIP) process, holds that … individuals are subject to large and very persistent shocks, while facing similar life-cycle income profiles. The alternative view …