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 …

daughters' socioeconomic outcomes and those of their biological and rearing parents. Our analysis focuses on children raised in … six different family circumstances: raised by both biological parents, raised by the biological mother without a … the biological father with a stepmother, and raised by two adoptive parents. Relative to the existing literature, the most …

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

Previous studies of recent U.S. trends in intergenerational income mobility have produced widely varying results … Income Dynamics, we generate more reliable estimates of the recent time-series variation in intergenerational mobility. Our …