This paper investigates the links between the socio-economic position of parents and the socio-economic position of their offspring and, through the marriage market, the socioeconomic position of their offspring's parents-in-law. Using the Goldthorpe-Hope score of occupational prestige as a...

This paper presents the conditions under which a causal interpretation can be given to the association between childhood parental employment and subsequent education of children. In a model in which parental preferences are separable in own consumption and children's wellbeing, estimation is...

Since 1997, the Bank of England Monetary Policy Committee (MPC) has met monthly to set the UK policy interest rate. We examine evidence of systematic patterns in exchange rate movements on MPC days over the first decade of operation of the MPC. Daily data reveal significant differences in...

In this paper we explore the impact of birth weight on children's cognitive and behavioural outcomes using data from the UK Millennium Cohort Study. In order to deal with the endogeneity of birth weight we use an estimator based on the eliminant method. When coupled with ordinary least squares,...

This paper estimates a model of dynamic intrahousehold investment behavior which incorporates family fixed effects and child endowment heterogeneity. This framework is applied to large American and British survey data on birth outcomes, with focus on the effects of antenatal parental smoking and...