secondary education to selective academic programs that open doors to skilled, well-paid professions. This gives parents a … strong incentive to invest substantial resources in improving their children's' achievement on these tests, thus reinforcing … students in Hebrew-language schools from eighth grade to age 29, we provide evidence that despite Israeli schools being …

This paper investigates parental time investment in children prior to formal schooling as a source of intergenerational … income persistence in the U.S. I develop a dynamic general equilibrium model where lifetime income endogenously persists … including the U.S. income quintile transition matrix. I find that the parental time investment channel accounts for nearly 40 …