, even though displacement episodes early in children’s lives have the largest impacts on household income (because they … persist for many years), displacement episodes occurring in the children’s teenage years have the largest effects on human … capital accumulation. We show that most of the effects operate through the intensive margin of schooling, and that children …

decline in routine tasks causes major shifts in education investments of high school students, where they invest less in … inequality in the next generation. Low-ability and low-SES students are most responsive to task-biased demand changes and, as a …

household characteristics (especially household income). The "true" intergenerational correlation between schooling attainments … and parents' education (after conditioning on observed and unobserved ability) is found to be quite low. Finally, our …