Immigrant children often face educational disadvantages that stem from their parents' decision-making. For example, in many immigrant-receiving countries, immigrants are less likely than the native-born to enroll their children in preschool programs or enable them access to higher education....

We view the entrepreneur as an agent who possesses human capital in the form of specific skills or talents. When she starts a firm, her human capital is essential to the firm and it has substantial private value. The entrepreneur transforms her human capital over time into what we call...