Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation … and investor behavior as adults. The analysis is made possible by linking Korean-born children who were adopted at infancy …

quantile treatment effects, showing how the child care expansion affected the earnings distribution of exposed children as …, and that children of low income parents seem to be the primary beneficiaries of subsidized child care. These findings are … middle and upper-class children are unlikely to exceed the costs. To help understand the differential effects on earnings, we …

quantile treatment effects, showing how the child care expansion affected the earnings distribution of exposed children as …, and that children of low income parents seem to be the primary beneficiaries of subsidized child care. These findings are … middle and upper-class children are unlikely to exceed the costs. To help understand the differential effects on earnings, we …