attainment of parents. We then decompose the overall trend into a parental background effect, a general expansion effect and a … tertiary education can be explained by the fact that the gap in participation rates between women with lowly educated parents … and women with highly educated parents has narrowed. We then investigate the role of financial constraints in explaining …

This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills … investment in children compared to later remediation. We establish nonparametric identfication of a general class of production … targeting of interventions to children with different parental and personal birth endowments. Substitutability decreases in …

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 …

We use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving … which handicapped the use of actual market wage dispersion as risk measure in earlier studies. Students in our sample … risk as expected by students we find compensation at similar elasticities as observed in market data. The results are …

children enter school. Families are major producers of those skills. Inequality in performance in school is strongly linked to … inequality in family environments. Schools do little to reduce or enlarge the gaps in skills that are present when children enter … growing fraction of American children across all race and ethnic groups is being raised in dysfunctional families. Investment …