not work at all, time spent with children, and child-related expenditures, we find that income risk impacts skill …This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill … development. Through a quantitative dynamic labor supply model in which two parents choose whether to work short or long hours or …

interventions. We show that even a modest transfer of family income to families at ages 5-6 would substantially increase children …We develop a new estimator for the process of children's skill formation in which children's skills endogenously … United States, we estimate the technology of skill formation, the process of parental investments in children, and the adult …

instrumental variables estimates of the sensitivity of income to changes in tax rates. From 1979 to 1981, the US income tax … changes in income between taxpayers close to the top-end of a tax bracket to the other taxpayers. These estimates, based on … comparisons between very similar groups, are robust to underlying changes in the income distribution, such as a rise in inequality …

This paper investigates whether taxpayers bunch at the kink points of the US income tax schedule (i.e. where marginal … compensated elasticity of income with respect to tax rates. These models are used to perform simulations of bunching and calibrate … the key parameters (the behavioral elasticity and the extent to which taxpayers control their income) to the empirical …

A recent and growing area of research applies latent factor models to study the development of children's skills. Some …