, 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 …

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is …

We study the intergenerational effects of maternal education on children's cognitive achievement, behavioral problems … 1979 (NLSY79) and their children, we can control for mother's ability and family background factors. Our results show … substantial intergenerational returns to education. For children aged 7-8, for example, our IV results indicate that an additional …

the return to schooling. Some marginal policy changes inducing students into college produce very low returns. -- returns …

This paper examines the family income-college enrollment relationship and the evidence on credit constraints in post … ability. Long-run factors crystallized in ability are the major determinants of the family income-schooling relationship …