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 …

, even though displacement episodes early in children’s lives have the largest impacts on household income (because they … persist for many years), displacement episodes occurring in the children’s teenage years have the largest effects on human … capital accumulation. We show that most of the effects operate through the intensive margin of schooling, and that children …

, grandfathers matter for income transmission, above and beyond their effect on fathers' income. Second, the socio-economic status of …

We present direct evidence on the link between children’s patience and educational-track choices years later. Combining … an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three …

To understand the socio-economic enrollment gap in university attendance, we elicit students’ beliefs about the … benefits of university education in a sample of 2,540 secondary school students. Our choice model estimates reveal that …. Students with low socio-economic status perceive pecuniary and non-pecuniary returns to be lower. Beliefs explain 48% of the …