We evaluate the aggregate, distributional and welfare consequences of alternative government education policies to … general equilibrium overlapping generations model with intergenerational linkages, a higher education choice as well as a … disciplined by US household survey data on income, wealth, education and time use. Studying the transitions induced by unexpected …

disparities in achievement by maternal education/ability (AFQT). Results of our analysis indicate that wealth, particularly …

such as the stability of the family and education of parents. We interpret our estimates using the technology of skill …

outcomes (including children's own expected lifetime resources and education) than the income measures traditionally used in …

education and wages for the children born under these policies. The mobility effect, chiefly an increase in intergenerational … mobility in education, stems from heterogeneity in the effects of the policies: children of mothers with fewer years of … education benefit more. As a potential mechanism, we find that the policies increased mothers' time investments in children and …

consequential, as they have been linked to better health, education, and labor market outcomes in adulthood …