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 …

comparative advantages in math of parents are significantly linked to those of their children. A causal interpretation follows … quality. Finally, we show the strong influence of family skill transmission on children's choices of STEM fields …

Inequality in income or earnings is the most indisputable fact about the distribution of income. Inequality in income … income redistribution, and the efficacy of various policy tools, economists are also concerned with establishing how various …. Economists have constructed various theories that purport to explain income distribution. Some aspects of these theories have …

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 …

This paper asks whether universal pre-kindergarten (UPK) raises parents' earnings and how much these earnings effects … enrolling in a full-day UPK program in New Haven, Connecticut on parents' labor market outcomes as well as educational … expenditures and children's academic performance. During children's pre-kindergarten years, UPK enrollment increases weekly …

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 …

-SES children reap both larger gains from having high age 7 test scores and smaller losses from having low age 7 test scores. The … opposite is true among high-SES children who suffer larger losses from low scores and smaller gains from high scores. However …

Parental investments as well as school quality are important determinants of children's later-life outcomes. In this … paper, we shed light on what determines parental investments and study how parents perceive the returns to parental time …. Using a representative sample of 1,962 parents in England, we document that parents perceive the returns to 3 hours of …