the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent …

Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents …'s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation …

care provided to their parents and education expenditures for their children. The young enjoy their education, while the … period and that parents invest in the education of their children. We show that Becker’s rotten kids theorem holds for the … old may leave a bequest to their children. Within each period the three generations play a "game" inspired by Becker …

affect child schooling by focusing on young school-age children who are otherwise not active in the labor market. Using micro … percentage points higher schooling probability for children between the ages of 7 and 10. This result explains approximately 26 …

In 1998 the Norwegian government introduced a program that increased parents’ incentives to stay home with children … under the age of three. Many eligible children had older siblings, and we investigate how this program affected long … not by changes in family income or father’s labor force participation …

We review the empirical literature that estimates the causal effect of parent’s schooling on child’s schooling, and …

connection between cognitive skills of parents and their children by exploiting within-family between-subject variation in these … close at about 0.1. Finally, we show the strong influence of family skill transmission on children’s choices of STEM fields …

Several recent studies find that interventions in schools can have important lasting consequences for students, and … that schools differ in their contribution to students’ learning. However, there is less research investigating how these …

parents’ siblings and cousins, their spouses, and the spouses’ siblings. Using various human capital measures, we show that … extended family relative to the parents increases …

We study the optimal design of student financial aid as a function of parental income. We derive optimal financial aid … formulas in a general model. For a simple model version, we derive mild conditions on primitives under which poorer students …, labor supply in college, and uncertain returns. Optimal financial aid is strongly declining in parental income even without …