essential aspect is that education can potentially make people better parents and thus improve the educational and employment … outcomes of their children. Interventions that encourage the educational attainment of children from poorer families will …

We present a model of endogenous schooling and earnings to isolate the causal effect of parents' education on children …'s education and earnings outcomes. The model suggests that parents' education is positively related to children's earnings, but … regressing children's schooling on parents' schooling is mainly accounted for by the correlation between parents' schooling and …