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 …

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 …

relationship between very specific inputs of time by parents and later achievements of children … parental inputs children of various socio-economic statuses receive. In the empirical work that follows, we will show a …

the child does not reciprocate. Parents and children make investments in the child's education, investments for other …We discuss a simple model of intergenerational transfers with one-sided altruism: parents care about their child but … purposes, and parents can transfer cash to their child. We show that for an identifiable set of parent-child pairs, parents …

the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent …

-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 …

Parental investments as well as school quality are important determinants of children's later-life outcomes. In this … paper, we shed light on what determines parental investments and study how parents perceive the returns to parental time …. Using a representative sample of 1,962 parents in England, we document that parents perceive the returns to 3 hours of …