Lee, Sang Yoon; Roys, Nicolas A.; Seshadri, Ananth - National Bureau of Economic Research - 2024
We present a model of endogenous schooling and earnings to isolate the causal effect of parents' education on children …'s education and earnings outcomes. The model suggests that parents' education is positively related to children's earnings, but … with the same length of schooling, whose parents have different lengths of schooling. The model also features heterogeneous …