This paper investigates the relationship between income satisfaction of adult children and their relative economic … children appear to compare their actual economic status with that of their parents, deriving large satisfaction gains from an … income rank that is higher than that of their parents. The effect is asymmetric with regard to parents, as these seem not to …

of parental income, and that children appear to compare their actual income situation with the aspiration level acquired …High parental income, while undeniably causing benefits for a child in terms of better access to education and more … favorable labor market outcomes, may at the same time increase a child's income aspirations and thereby reduce financial …

The validity of family background variables instrumenting education in income regressions has been much criticized. In … instruments in income regressions. …

Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from …) income and of education. Using instrumental variables can provide a way out. However, three questions remain: whether … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …

In present day Germany, one in seven children is raised in a single parent household. We investigate the effect of … single parenthood on children's educational attainment, measured by the school track at the age 14, using ordered probit … whether the family effect operates through resources - fewer income and parental time available for the child -, or through …

We examine the effect of single motherhood on children's secondary school track choice using 12-year-old children drawn … correlation between single motherhood and children's educational attainment. Looking for alternative explanations for this … background, lower household income and higher labor supply of the mother. Our evidence suggests that single motherhood reduces …

German Socio-Economic Panel. Previous studies have focused on satisfaction differences between parents and comparable …

begin with the fact that parents from educationally disadvantaged households are less able to support their children by … reading to them. Children from educationally disadvan-taged households attend early childhood education less often; their … parents have greater difficulty finding a place in a day-care centre, have less contact with teachers at schools and are often …

the study of interdependent utility in general, and altruism between parents and adult children who moved away from home … children. A one standard deviation move in the child's happiness has the same effect as a 45 percent move in household income. … for the years 2000-2004, find that the parents' self-reported happiness depends positively on the happiness of their adult …