investments in children with multiple periods of childhood, income shocks, imperfect insurance, dynamic complementarity and … whole history of parental income, using data from Norway. We find that, conditional on permanent income, education is … maximized when income is balanced between the early childhood and middle childhood years. In addition, there is an advantage to …

, maternal leave increased on average by 4 months and family income was unaffected. We find that this increase in maternal time … those whose mothers have less than 10 years of education. This effect is especially large for children of mothers who, in …