estimate changes in the effects of ability and family income on educational attainment for youth in their late teens during the … cohorts, while family income plays little role in determining high school completion in either cohort. Most interestingly, we … document a dramatic increase in the effects of family income on college attendance (particularly among the least able) from the …

developing and persistent gaps in child achievement by family income and the importance of adolescent skill levels for … family income, we study four leading mechanisms thought to explain these gaps: an intergenerational correlation in ability, a … mechanisms influence family investments in children, we evaluate the extent to which these mechanisms also explain other …