The main aim of this paper is to assess how parents' literacy and numeracy affect the cognitive skill of their children. The data used are from the British Cohort Survey (BCS) which provides in 2004 basic skill assessments for all cohort members and cognitive tests for their children. We find...

In this paper we evaluate the labour market value of basic skills in the UK, focusing on the wage and employment returns to having better literacy and numeracy skills. We draw on literacy and numeracy assessments undertaken by all cohort members of the UK 1970 British Cohort Study. The data used...