This paper investigates parental time investment in children prior to formal schooling as a source of intergenerational … income persistence in the U.S. I develop a dynamic general equilibrium model where lifetime income endogenously persists … including the U.S. income quintile transition matrix. I find that the parental time investment channel accounts for nearly 40 …

children who were exposed longer to the sanctions. The results imply that sanctions have a larger effect on the income of … children than their parents. Therefore, ignoring the effects of sanctions on future generations significantly understates their … on children's education by exploiting the United Nations sanctions imposed on Iran in 2006. Using the variation in the …

for education play a larger role in determining income at age 25 than cognitive skills. Last, our analysis uncovers …