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 …

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 …

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 …

-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 …