children of high income parents early in their lives, which encourages greater cognitive development and lifetime earnings. … effects working through the other channels, thus providing an in-depth understanding of the link between parents’ and children …

, it is crucial to announce them in advance to allow parents to adjust their investments when their children are young. …Parental investments significantly impact children’s outcomes. Exploiting panel data covering individuals from birth to … mothers and fathers make investments in their children. We find that time investments, educational investments, and …