connection between cognitive skills of parents and their children by exploiting within-family between-subject variation in these … close at about 0.1. Finally, we show the strong influence of family skill transmission on children’s choices of STEM fields …

parents’ siblings and cousins, their spouses, and the spouses’ siblings. Using various human capital measures, we show that … extended family relative to the parents increases …

We study the optimal design of student financial aid as a function of parental income. We derive optimal financial aid … formulas in a general model. For a simple model version, we derive mild conditions on primitives under which poorer students …, labor supply in college, and uncertain returns. Optimal financial aid is strongly declining in parental income even without …

initially low-performing students. Because passing the exam is mandatory to obtain a high school diploma, this translates into … reduced high school graduation rates that remain significant over time, permanently shifting a group of marginal students to …