attainment of parents. We then decompose the overall trend into a parental background effect, a general expansion effect and a … tertiary education can be explained by the fact that the gap in participation rates between women with lowly educated parents … and women with highly educated parents has narrowed. We then investigate the role of financial constraints in explaining …

This paper investigates the relationship between income satisfaction of adult children and their relative economic … children appear to compare their actual economic status with that of their parents, deriving large satisfaction gains from an … income rank that is higher than that of their parents. The effect is asymmetric with regard to parents, as these seem not to …

of parental income, and that children appear to compare their actual income situation with the aspiration level acquired …High parental income, while undeniably causing benefits for a child in terms of better access to education and more … favorable labor market outcomes, may at the same time increase a child's income aspirations and thereby reduce financial …

the study of interdependent utility in general, and altruism between parents and adult children who moved away from home … children. A one standard deviation move in the child’s happiness has the same effect as a 45 percent move in household income … for the years 2000-2004, find that the parents’ self-reported happiness depends positively on the happiness of their adult …