that a public policy that disregards the effects of parental time on children's human capital entails a welfare loss that …

sibling correlations. This share is higher than all previous studies because we allow for heterogeneous intergenerational …

Socioeconomic Panel (SOEP), we find a high persistence of occupational choices across fathers and children. To separate effects … children who grew up with their biological fathers and those who did not. The results suggest that nurture-related effects … explain a significant fraction of the observed correlation of fathers’ and children’s occupational choices. We discuss policy …

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

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 …

The interaction between investment in children's education and parental fertility is crucial in recent theories of the …

among more affluent parents whose children flee. In contrast, among less prosperous parents, integration in public education … decreases their children's human capital levels. I demonstrate that the poor, who cannot opt out, incur greater costs than the …